Fake ship flags, Iran oil trade: US sanctions Indian entities in expanding crackdown on Tehran
The US has sanctioned India-based individuals and companies accused of using fake vessel registrations to help transport Iranian oil, widening Washington's crackdown on Tehran's oil trade. A Turkish firm was also targeted over support for Iran's airlines.
The US Treasury Department recently imposed additional sanctions on Indian and Turkish entities involved in Iran's oil trade, as part of the Trump administration's Operation Economic Outcast. The sanctions target an India-based network alleged to provide fraudulent maritime flags and certifications to vessels transporting Iranian petroleum.
The network is reportedly headed by India-based Suniel Kumar Sharma and his wife, Jaspreet Preeti Shahid. The Treasury also designated a Turkish company for allegedly supporting Iran's aviation sector. This latest action targets Iran's oil revenue generation and its financing of the ongoing conflict with the US and Israel.
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Also reported by 3 other outlets
- US hands out sanctions over accusations of supplying Iran with air defence systems middleeasteye.net
- US sanctions India-based couple, companies over alleged support for Iran's Shadow oil fleet economictimes.indiatimes.com
- Iran's political, religious leaders shift stance to support nuclear weapons as war looms - report jpost.com
