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US targets Iranian LPG magnate with sanctions: Treasury

World News

22-04-2025 | 12:26

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US targets Iranian LPG magnate with sanctions: Treasury

The United States issued new sanctions on Tuesday targeting Iranian liquefied petroleum gas magnate Seyed Asadoollah Emamjomeh and his corporate network, the Treasury Department said, amid ongoing talks with Tehran on its nuclear program.

Emamjomeh's network is responsible for shipping hundreds of millions of dollars’ worth of Iranian LPG and crude oil to foreign markets, Treasury said in a statement.

Both products are a major source of revenue for Iran, helping to fund its nuclear and advanced conventional weapons programs, it said, as well as regional proxy groups including Hezbollah, Yemen's Houthis and the Palestinian Hamas group.

"Emamjomeh and his network sought to export thousands of shipments of LPG -- including from the United States -- to evade U.S. sanctions and generate revenue for Iran," Treasury Secretary Scott Bessent said in the statement.

Reuters

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