ADVERTISEMENTs
_page-0001.jpg)
U.S. sanctions Indian nationals and firms in global crackdown on Iran’s oil network
The action, announced July 30 by the Office of Foreign Assets Control (OFAC), is part of the largest Iran-related sanctions package since 2018.
-
Lalit K Jha - Wed, 30, Jul 2025
- 22:48 EDT
- 23
File Photo. / Reuters
In a sweeping sanctions announcement aimed at dismantling a vast maritime oil smuggling operation benefiting Iran, the US Department of the Treasury has designated several Indian nationals and companies as key enablers of the illicit network.
The action, announced July 30 by the Office of Foreign Assets Control (OFAC), is part of the largest Iran-related sanctions package since 2018. It targets over 50 individuals, entities, and vessels across multiple countries—highlighting the involvement of UAE- and India-based actors in supporting Iranian oil shipments that are under strict U.S. sanctions.
This post is for paying subscribers only
SUBSCRIBE NOWRelated
.JPG)
.JPG)
ADVERTISEMENT
ADVERTISEMENT
E Paper
Video
Comments
Start the conversation
Become a member of New India Abroad to start commenting.
Sign Up Now
Already have an account? Login