Who is Iranian Oil Tycoon Shamkhani?
Iranian oil shipping magnate Mohammad Hossein Shamkhani has been sanctioned by the West over his shadow fleet.
Stranded Ship in Hormuz
Maritime monitoring service TankerTrackers.com reported on Thursday that a ship which Iranian media reported had run aground in the Strait of Hormuz has in fact been stuck in the same spot since March and is part of an operation managed by the notorious Iranian oil magnate Mohammad Hossein Shamkhani.
Allegations Against Shamkhani
Shamkhani is accused of being a central figure in Iranian and Russian shadow fleet operations, generating billions of dollars of oil revenues for both.
Shamkhani’s Oil Shipping Operation
The Shamkhani network allegedly uses front companies to buy Iranian and Russian oil, falsifying shipping documents and switching the oil between vessels frequently before selling it to buyers through their own front companies.
