Story perspectives

US Treasury Sanctions Iranian LPG Shadow Fleet, 12 Entities.

6/6/2026

Summary

Story summary

The U.S. Treasury sanctioned network that shipped Iranian LPG disguised Omani cargo to Asia, targeting four LPG tankers.
The sanctions include 12 entities—five in Marshall Islands, four in United Arab Emirates, one in China.
Treasury Secretary Scott Bessent said Treasury will keep cutting Iran’s shadow fleet, shadow banking networks, and trade access, and sanction Mehrdad Geramian Nik & Partners Co for moving hundreds of millions of dollars to sanctioned banks.

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Story summary

The U.S. Treasury sanctioned network that shipped Iranian LPG disguised Omani cargo to Asia, targeting four LPG tankers.
The sanctions include 12 entities—five in Marshall Islands, four in United Arab Emirates, one in China.
Treasury Secretary Scott Bessent said Treasury will keep cutting Iran’s shadow fleet, shadow banking networks, and trade access, and sanction Mehrdad Geramian Nik & Partners Co for moving hundreds of millions of dollars to sanctioned banks.