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The United States Treasury Department imposed sanctions on Friday against a network that allegedly exported Liquefied Petroleum Gas (LPG) from Iran to Southern and Eastern Asia.
The targeted network moved LPG worth hundreds of millions of dollars by using a “shadow fleet” of vessels and front companies in China and the United Arab Emirates.
Today, Treasury’s Office of Foreign Assets Control is designating a network of individuals, entities, and vessels responsible for shipping hundreds of millions of dollars’ worth of Iranian-origin liquid petroleum gas⸺intentionally disguised as Omani LPG⸺to end users in South…
— Treasury Department (@USTreasury) June 5, 2026
To evade existing American restrictions, the group falsely flagged the cargo as originating in Oman.
Washington has continuously tightened its restrictions on Iran since launching a joint war against the country alongside Israel in late February.
In tandem with the shipping penalties, the US government also sanctioned an Iranian currency exchange house and associated individuals on Friday.
Authorities accuse the exchange network of helping Iran facilitate billions of dollars in illicit financial transactions.
US State Department spokesperson Tommy Pigott stated that the penalties form part of the administration’s “Economic Fury” campaign.
He emphasised that the initiative maintains maximum pressure on the Iranian regime.
Ultimately, the campaign aims to disrupt Iran’s capability to generate revenue for weapons development, regional aggression, and support for terrorist proxies.
