Treasury Intensifies Pressure on Shamkhani’s Expansive Illicit Shipping Empire

WASHINGTON—Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is intensifying its efforts to disrupt and degrade the illicit shipping and sanctions evasion network of Mohammad Hossein Shamkhani (Shamkhani). This action is part of Treasury’s ongoing efforts to ramp up economic pressure on the Iranian regime after it resumed destabilizing attacks in the Strait of Hormuz. The Shamkhani network remains a major force behind Iran’s oil exports and has expanded into global containerized shipping and commodities trading.“The Iranian regime survives on deception, and the Shamkhani network is one of its most profitable engines,” said Secretary of the Treasury Scott Bessent. “Treasury is shutting down the financial infrastructure that allows the regime to continue its threats to U.S.