US Imposes Sanctions on Indian and Turkish Entities Over Iran Oil Trade Support

11/05/2026

In its latest action, the department targeted what it described as "the vast criminal network" allegedly operated by India-based businessman Suniel Kumar Sharma.

11/05/2026

The US Treasury sanctioned India-based Suniel Kumar Sharma and his wife Jaspreet Preeti Shahid for allegedly supporting Iran's shadow fleet and maritime fraud.

11/05/2026

US Sanctions 4 Indians, 9 Firms in Maritime Fraud Crackdown Over Iranian Shadow Oil Fleet

11/05/2026

US imposes fresh sanctions on Indian and Turkish firms accused of helping Iran evade oil and aviation restrictions, escalating economic pressure on Tehran.

11/05/2026

The US sanctioned Indian businessman Suniel Kumar Sharma and his wife Jaspreet Preeti Shahid for allegedly operating fraudulent maritime registries that helped ships evade restrictions on Iranian oil.

11/05/2026

The sanctions are part of the Trump administration’s "Operation Economic Outcast," which aims to cut off Iran’s ability to sell oil to fund the war with the U.S. and Israel

11/05/2026

The US Treasury Department said the couple created websites that claimed to offer ship registration services on behalf of different countries.

11/05/2026

State Department designates 2 individuals, Nigeria-based firm that it says is tied to Iran’s MANPADS procurement

11/04/2026

The Treasury Department has sanctioned an Indian couple accused of helping Iran evade international restrictions on its oil trade by providing Tehran with bogus registrations for its shadow fleet...