Washington, June 6 -- The US Department of the Treasury's Office of Foreign Assets Control (OFAC) on Friday said that it has sanctioned a network of individuals, entities, and vessels responsible for shipping hundreds of millions of dollars' worth of Iranian-origin liquid petroleum gas (LPG) intentionally disguised as Omani LPG to end users in South and East Asia.

The network used front companies in the United Arab Emirates and China, foreign bank accounts, and Iran's shadow fleet to move millions of barrels of Iranian LPG while concealing its Iranian origin and evading US sanctions.

OFAC said it is taking this action to expose the complicit actors enabling an economic lifeline for Iran while exploiting commercial infrastructure to obfu...