US Expands Sanctions on Oil Tycoon to Keep Up Pressure on Iran

The Trump administration sanctioned more than a dozen entities tied to the network of Iranian oil kingpin Hossein Shamkhani, part of its campaign to maintain pressure on Tehran amid diplomatic talks and a standoff in the Strait of Hormuz.

The Treasury Department’s Office of Foreign Assets Control said Wednesday it imposed penalties on a number of individuals, firms and vessels connected to the wealthy businessman, who’s the son of late senior Iranian security official Ali Shamkhani.