US sanctions Indian firms involved in Iranian petroleum sales
PTC News Desk: The Donald Trump administration of the US has unveiled a major set of sanctions aimed at dismantling Iran's extensive shadow oil network, identifying entities and individuals across multiple countries, including an India-based shipping firm and an India-based petroleum products trader, as part of efforts to tighten financial pressure on Tehran's military operations.
"Today, the Department of State is designating 17 entities, individuals, and vessels to stem the flow of revenue that the Iranian regime uses to advance its nuclear program, and to enable shipping facilitators in multiple jurisdictions who, through obfuscation and deception, load and transport Iranian oil for sale to buyers," the US Department of State said in a statement.
Concurrently, the Department of the Treasury is designating additional shipping networks involved in illicit oil schemes to help fund the Iranian regime, as well as an airline and its affiliates that supply arms to Iran-backed terrorist groups.
"The Iranian regime continues to fuel conflict in the Middle East to fund its destabilizing activities. This behavior enables Iran to fund its nuclear escalations, support terrorist groups, and disrupt the flow of trade and freedom of navigation in waterways that are crucial to global prosperity and economic growth. The United States will continue to act against the network of maritime service providers, dark fleet operators, and petroleum products traders involved in the transport of Iranian crude oil and petroleum products," it said.
Among those sanctioned include TR6 PETRO an India-based petroleum products trader, which between October 2024 and June 2025, imported over $8 million worth of Iranian-origin bitumen from multiple companies.
- ANI
