Treasury Targets Iranian Liquified Petroleum Gas Magnate

WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating Iranian national and liquified petroleum gas (LPG) magnate Seyed Asadoollah Emamjomeh and his corporate network, which is collectively responsible for shipping hundreds of millions of dollars’ worth of Iranian LPG and crude oil to foreign markets. Emamjomeh’s expansive network includes a vessel, the TINOS I, which intended but failed to load cargo in 2024 off the coast of Houston, Texas. In addition to crude oil, LPG continues to be a major source of revenue for the Iranian regime, the proceeds of which fund Iran’s nuclear and advanced conventional weapons programs, as well as regional proxy groups and partners such as Hizballah, the Houthis, and Hamas. “Emamjomeh and his network sought to export thousands of shipments of LPG—including from the United States—to evade U.S.