US Sanctions Target Network Smuggling Iranian LPG to Asia

The US Treasury Department announced sanctions against a network of individuals, entities, and vessels accused of smuggling Iranian liquefied petroleum gas (LPG) to South and East Asia.

According to the department’s statement, the new sanctions target 12 entities, including five based in the Marshall Islands, four in the United Arab Emirates, and one in China. Additionally, six LPG carriers are sanctioned, four of which fly the Panamanian flag.

US Treasury Secretary Scott Bessent stated that the department will continue to disrupt the operations of Iran’s shadow fleet and covert banking networks, aiming to prevent Iran from accessing global trade markets.