Iran International:

A Bloomberg investigation has revealed how the son of Iran’s former national security chief has become a significant figure in global oil markets, even in the face of US sanctions.

Hossein Shamkhani’s father, Ali Shamkhani, served as the secretary of Iran’s Supreme National Security Council (SNSC) for almost a decade until last year, but he remains an advisor to Supreme Leader Ali Khamenei.

The Shamkhanis have been known to Iranians as insiders and Hossein, like the children of many other Iranian officials, has been implicated in several scandals over his diverse portfolio in shipping and international oil trade. However, the Bloomberg report has shed new light on his recent ventures, including his Dubai-based company, Milavous Group Ltd.

In the heart of Dubai’s corporate skyline, the relatively obscure firm quietly rented an office two years ago. Few had heard of the company, yet it soon emerged as a significant force in global energy markets. At the helm of the operation, according to insiders, is Hossein Shamkhani -- a man known in trading circles as “Hector” or simply H. Despite his low profile and sanctions on Tehran’s oil trade, Shamkhani has become one of the most influential figures in the distribution of Iranian oil worldwide.

Go to link