On Friday, the US Department of the Treasury's Office of Foreign Assets Control (OFAC) announced sanctions against a network responsible for smuggling Iranian liquid petroleum gas (LPG) disguised as Omani LPG to South and East Asia. This network used front companies in the United Arab Emirates and China, along with Iran's shadow fleet, to evade US sanctions and facilitate the movement of millions of barrels of Iranian LPG. Treasury Secretary Scott Bessent emphasized that the initiative is part of a broader strategy termed 'Economic Fury' aimed at dismantling Iran's shadow banking and petroleum sales networks. The sanctions also targeted Iranian exchange house Mehrdad Geramian Nik and Partners Company, which has been instrumental in moving foreign currency for sanctioned Iranian banks. These measures are intended to restrict the Iranian regime's access to funds used for military and terrorist activities. The Treasury Department remains committed to maintaining maximum pressure on Iran and will continue to impose sanctions on entities facilitating illicit trade, including foreign financial institutions that support such activities.