US Imposes New Sanctions on Iran's Oil Sector

Apr 16, 2026

74 min

Apr 16, 2026 00:30

New US sanctions slapped vs Iran oil sector, more than 24 entities linked to energy transport infrastructure targeted

## Sanctions Target Iran's Oil Transport Network

The United States has imposed new sanctions on Iran, focusing on the country's oil transport infrastructure. More than 24 individuals, companies, and ships associated with the petroleum shipping network of Mohammad Hossein Shamkhani have been targeted. This move is part of a broader effort to curb Iran's revenue generation capabilities amid ongoing tensions in the Middle East.

## Impact on the Strait of Hormuz

The sanctions come as Iran continues to block the Strait of Hormuz, a crucial passage for global oil and gas shipments, in response to US and Israeli military actions. The US has responded with a naval blockade of Iranian ports, further escalating the situation.

## Treasury Department's Actions

The US Treasury Department has been aggressive in its approach, aiming to disrupt the financial activities of Iranian elites. The department has also decided not to renew a temporary waiver that allowed the sale of Iranian oil already at sea, a measure initially intended to stabilize oil prices.

## Allegations Against the Shamkhani Network

The Shamkhani network, operating in Iran and the UAE, is accused of evading sanctions through a network of consulting and shipping companies. The US had previously sanctioned entities linked to this network.

## Additional Sanctions

In addition to targeting the Shamkhani network, the US has sanctioned Seyed Naiemaei Badroddin Moosavi, an alleged financier for Hezbollah, and three companies involved in a money laundering scheme related to Iranian oil and Venezuelan gold.

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