US slaps Iranian LPG magnate with sanctions

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

The Treasury Department said in a statement that Emamjomeh’s network is responsible for shipping hundreds of millions of dollars’ worth of Iranian LPG and crude oil to foreign markets.

It added that both products are a major source of revenue for Iran, helping to fund its nuclear and advanced convent...
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