California Businessman Accused of Selling Restricted Technology to Iran
Jamshid Ghomi, of Newport Coast, Calif. , was charged with conspiracy to violate the International Emergency Economic Powers Act.
Jamshid Ghomi, of Newport Coast, Calif. , was charged with conspiracy to violate the International Emergency Economic Powers Act.
The action against Nobitex and several of its executives accused it of helping the government evade sanctions and finance militants.
Some analysts said the main international oil price, which was up 6 percent on Monday, could climb much higher in the coming weeks if the Strait of Hormuz doesn’t reopen.