US issues new sanctions targeting Iranian liquefied petroleum gas magnate

The United States has issued new sanctions targeting Iranian liquefied petroleum gas magnate Seyed Asadoollah Emamjomeh and his corporate network, the Treasury Department says, amid ongoing talks with Tehran on its nuclear program.

Emamjomeh’s network is responsible for shipping hundreds of millions of dollars’ worth of Iranian LPG and crude oil to foreign markets, the Treasury says in a statement.

Both products are a major source of revenue for Iran, helping to fund its nuclear and advanced conventional weapons programs, it says, as well as regional proxy groups including Hezbollah, Yemen’s Houthis rebels and the Palestinian Hamas terror group.

“Emamjomeh and his network sought to export thousands of shipments of LPG — including from the United States — to evade US sanctions and generate revenue for Iran,” Treasury Secretary Scott Bessent says in the statement.