Overview

• The U.S. Treasury sanctioned Seyed Asadoollah Emamjomeh, his son Meisam, and their corporate network under Executive Order 13902 for evading sanctions and generating revenue for Iran.
• The sanctions block all U.S.-controlled assets of the Emamjomeh network, freezing property and prohibiting transactions involving American entities.
• Treasury officials accuse the network of exporting hundreds of millions of dollars' worth of liquefied petroleum gas (LPG) and crude oil, funding Iran’s nuclear program and regional proxies like Hezbollah, Hamas, and the Houthis.
• The sanctions coincide with renewed indirect nuclear negotiations between the U.S. and Iran, prompting Tehran to accuse Washington of undermining dialogue and showing bad faith.
• The targeted network includes multiple Iran- and UAE-based companies, with a vessel, TINOS I, previously attempting to load LPG off the U.S. coast for sale to China in 2024.