The U.S. sanctions Singapore's Wellbred Capital and affiliated firms for ties to Iranian oil magnate Mohammad Hossein Shamkhani.

(Bloomberg) -- The Trump administration has extended sanctions against the sprawling network of Iranian oil trader Hossein Shamkhani, targeting his Wellbred group of commodities…

OFAC designated Wellbred Capital and subsidiaries as part of Operation Economic Outcast, extending sanctions on the Shamkhani network to over 200