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UK Sanctions Iranian Oil Magnate Mohammad Hossein Shamkhani and Four Firms

Officials say the move seeks to cut off oil revenues that finance Tehran’s overseas operations.

Israel National News

Overview

  • London imposed an asset freeze, travel ban and director disqualification on Mohammad Hossein Shamkhani under its Iran sanctions regime.
  • The UK also sanctioned Petrochemical Commercial Company, Admiral Group, Ocean Leonid Investments and Milavous Group with asset freezes and director disqualifications.
  • Ministers said the targeted network underpins activities described as destabilising in Ukraine and Israel and includes support for proxy groups and threats on UK soil.
  • British officials cited links to shipping, petrochemical and financial operations, with some entities acting on behalf of or at the direction of Shamkhani.
  • The United States sanctioned Shamkhani last month and the European Union did so in July, while Iran condemned Britain’s measures as unilateral and based on baseless allegations.