Washington, DC [US], June 6 (ANI): The US Department of the Treasury's Office of Foreign Assets Control (OFAC) on Friday said that it has sanctioned a network of individuals, entities, and vessels responsible for shipping hundreds of millions of dollars' worth of Iranian-origin liquid petroleum gas (LPG) intentionally disguised as Omani LPG to end users in South and East Asia.The network used front companies in
US Imposes Sanctions on Iranian LPG Smuggling Network and Shadow Banking System
The US Treasury's OFAC has sanctioned a network involved in smuggling Iranian LPG disguised as Omani LPG to Asia. This network includes individuals, entities, and vessels that have facilitated the shipment of significant amounts of Iranian gas. The sanctions aim to disrupt Iran's revenue streams and its shadow banking system.
👥 Key Players
⚡ Actions
📰 What Happened
US sanctions Iranian LPG smuggling network disguised as Omani LPG to Asia.
- US Department of the Treasury's Office of Foreign Assets Control sanction network of individuals, entities, and vessels
💡 Why It Matters
📚 Background
The sanctions aim to disrupt Iranian LPG smuggling operations.
📝 Key Evidence
🏷️ Entities Mentioned
Translated from the original and edited for English readers. View original source →
Translation confidence: 100%