The U.S. government has imposed sweeping sanctions on an Iranian liquefied petroleum gas (LPG) magnate and his sprawling international network of companies and affiliates, and accused them of facilitating hundreds of millions of dollars in oil and gas exports that fund Iran’s nuclear weapons program and terror proxies across the Middle East.
The action, carried out by the Treasury Department’s Office of Foreign Assets Control (OFAC) and announced on April 22, blocks all U.S.-linked assets tied to Seyed Asadoollah Emamjomeh and his network, prohibiting Americans from doing business with them.
“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,” Secretary of the Treasury Scott Bessent said in a statement. “The United States remains committed to holding accountable those who seek to provide the Iranian regime with the funding it needs to further its destabilizing activities in the region and around the world.”…