Tag #Oil Markets

What is the immediate impact of the US sanctions on Iran's oil exports and the Shamkhani family's operations?

The US Treasury Department announced sanctions against over 100 Iran-linked individuals, companies, and vessels, its largest such action since 2018. This targets a network allegedly generating tens of billions of dollars, controlled by Mohammad Hossein Shamkhani, son of a senior Iranian advisor. The sanctions aim to disrupt Iran's oil sales and curb the Shamkhani family's global business operations.