Treasury's OFAC ramps up sanctions against Iranian oil kingpin Mohammad Hossein Shamkhani
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The US Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on an Iranian individual, with some reports identifying the target as Mohammad Hossein Shamkhani, while others mention Ali Shamkhani. The sanctions appear to be part of a larger effort, possibly the largest since 2018, targeting a financial network. The move may be linked to broader concerns about Iranian-backed networks and their connections to other regimes.