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Trump's administration is regularly adding Iran-related sanctions to pressure Tehran, even as both sides are engaged in negotiations to end their conflict.

According to the details on the Department's website, the latest targets include 12 entities. Five of them are located in the Marshall Islands, while four others are in the UAE and one is in China. Six?LPG tanks were targeted, including four Panama flagged vessels.

In a statement released by the Treasury Department, it was alleged that the network had used front companies located in the UAE, China and other countries, along with foreign bank accounts to conceal the origin of millions of barrels?of Iranian LPG in order to avoid U.S. sanctions.

Treasury Secretary Scott Bessent stated in a?statement that the Treasury will continue to sever Iran’s shadow fleet and?shadow banking network, as well as access to global commerce.

The department also imposed sanction?against Iranian Exchange House Mehrdad Geramian Nik and Partners Co and their leadership. They alleged that they had moved hundreds of millions of dollars in foreign currency for sanctioned Iranian Banks. Reporting by Ryan Patrick Jones, Ismail Shakil and David Ljunggren

(source: Reuters)