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U.S. sanctions on Wilbroid over Iran ties
The United States has imposed sanctions on Wilbryd Capital Oil Trading Company, which is based in Singapore, due to its connections with Iran, as part of efforts to pressure Tehran's financial and economic activities. The Office of Foreign Assets Control stated that the company is linked to Iranian shipping magnate Mohammad Hossein Shamskhani, who is identified as the ultimate responsible for its operations, despite the company being established as a firm outside of Iran's business network. Wilbryd trades in oil, naphtha, petrochemicals, and LPG, and controls a fleet of ships that transport oil and its products to various countries, generating tens of billions of dollars in profits and intensifying US pressure on Tehran’s financial activities. More dangerously, the company is also targeted for its role in facilitating smuggling networks associated with Iran.
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