Treasury Targets Iranian LPG Smuggling Network as U.S. Pressure Campaign Intensifies

The Trump administration on Friday imposed a new round of sanctions targeting an international network accused of smuggling Iranian liquefied petroleum gas (LPG) and laundering revenue through shadow banking channels, marking the latest escalation in Washington’s campaign to squeeze Tehran’s energy exports and financial lifelines.

The sanctions, announced by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC), target a network of traders, shipping companies, vessels, and financial intermediaries allegedly responsible for moving hundreds of millions of dollars’ worth of Iranian LPG disguised as exports from Oman and sold to buyers across South and East Asia.

The action comes as