US sanctions Wilburid Capital Oil Singapore
The United States has imposed sanctions on Wellington Capital, a company based in Singapore, due to its connections with Iran. The Office of Foreign Assets Control (OFAC) at the Treasury Department stated that the company is linked to Iranian oil shipping magnate Mohammad Hossein Shomakhani, who has transformed it into an entity outside the scope of official Iranian business, while remaining the ultimate responsible for its operations. The company trades in oil, naphtha, petrochemicals, and liquefied petroleum gas, and is part of a network aimed at circumventing American sanctions on Iran. These measures are part of Washington's efforts to increase economic pressure on Tehran.
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