US slaps sanctions on Indian, Turkish firms and people for aiding Iran
The US Treasury issued fresh sanctions on Wednesday against companies and individuals based in India and Turkey for their support of Iran, warning that it would continue to go after anyone who supported the Iranian government.
The US Treasury has imposed fresh sanctions on Indian and Turkish companies and individuals for aiding Iran, part of the Trump administration's "Operation Economic Outcast" campaign. The sanctions target a criminal network led by Suniel Kumar Sharma and his wife Jaspreet Preeti Shahid, who fraudulently issued maritime certifications to vessels transporting Iranian petroleum.
Additionally, Turkey-based Fugo Ground Services Inc has been sanctioned for supporting Iran's aviation sector. Treasury Secretary Scott Bessent vowed the US would continue targeting anyone aiding Tehran, whether through land, sea, or air. The sanctions aim to cut off Iran's oil revenue, exacerbating economic pressures and inflation.
Despite Democrats' recent midterm election victories, the administration shows no signs of de-escalating its economic warfare against Iran, even as oil prices plummet in response to the ongoing conflict.
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