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U.S. Sanctions Iranian LPG Magnate to Cut Off Regime Funding

The Treasury Department targets Seyed Asadoollah Emamjomeh and his network under Executive Order 13902, blocking assets and transactions tied to Iran's nuclear and regional activities.

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Treasury Secretary Scott Bessent listens as President Donald Trump signs executive orders in the Oval Office of the White House, Monday, Feb. 3, 2025, in Washington.

Overview

  • Seyed Asadoollah Emamjomeh and his LPG shipping network were sanctioned for exporting hundreds of millions of dollars in petroleum products, generating revenue for Iran's nuclear and missile programs.
  • The sanctions, issued under Executive Order 13902, also block U.S.-based assets and prohibit transactions without OFAC approval.
  • The network reportedly sought to evade sanctions by exporting thousands of shipments, including an attempt to load LPG off the coast of Houston, Texas, in 2024.
  • Revenue from these operations funds Iran’s support for proxy groups, including Hezbollah, the Houthis, and Hamas, alongside its advanced weapons programs.
  • The announcement comes as U.S. and Iranian negotiators report significant progress toward a nuclear deal framework, underscoring the dual approach of diplomacy and economic pressure.