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UK Cracks Down on Iranian Oil Tycoon’s London Entity

UK Cracks Down on Iranian Oil Tycoon’s London Entity

Stu Turley's avatar
Stu Turley
Sep 25, 2024
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Energy News Beat
Energy News Beat
UK Cracks Down on Iranian Oil Tycoon’s London Entity
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  • The UK government is cracking down on a London-based entity, Nest Wise Trading Ltd, linked to Iranian oil tycoon Hossein Shamkhani.

  • The action is part of a broader effort by the UK and US to target entities suspected of sidestepping oil-trading restrictions.

  • Nest Wise Trading Ltd faces dissolution for failing to provide sufficient information to regulator…

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