Iran-linked Swiss oil trader hit by US sanctions

The Trump administration has extended sanctions against the sprawling network of Iranian oil trader Hossein Shamkhani, targeting his Wellbred group of commodities businesses as part of a wide-ranging set of measures intended to isolate Iran. The Treasury Department’s Office of Foreign Assets Control has sanctioned Singapore-based Wellbred Capital, United Arab Emirates-based Wellbred Trading FZCO and Switzerland-based Wellbred Trading, according to a notice on Monday. It also named a French co...

By swissinfo.ch