UK Cracks Down on Iranian Oil Tycoon's London Entity

The British government has targeted a London-based entity of Iranian oil trading empire led by Hossein Shamkhani, as it steps up efforts to stop those sidestepping oil-trading restrictions. Last month, Bloomberg revealed Shamkhani's role in Iranian and Russian oil trading. Shamkhani’s father, Ali, served as a naval commander for the Islamic Revolutionary Guard Corps, as defence minister and then as Secretary of Iran’s Supreme National Security Council. The publication has highlighted that London-based Nest Wise is a prominent entity…