The Trump administration has imposed sweeping new sanctions against Iran’s oil industry, weeks ahead of a diplomatic deadline set by Secretary of State Marco Rubio. -Announced on July 30, the sanctions target a “corrupt regime-linked shipping empire” allegedly controlled by the son of a top political advisor.

The US has imposed sweeping new sanctions on a vast international shipping empire that it says has funnelled tens of billions of dollars in oil revenue to Iran. The Treasury department on Wednesday said the network was controlled by Mohammad Hossein Shamkhani,