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US sanctions 4 Indian companies involved in Iranian crude oil trade
The New Indian Express Hubballi
|February 26, 2025
THE US has sanctioned more than 30 companies, vessels, and individuals worldwide, including four Indian companies for their alleged involvement in the trade and transportation of Iranian crude oil and petroleum products.
The US Department of the Treasury's Office of Foreign Assets Control (OFAC) described this action as part of a pressure campaign aimed at reducing Iran's oil exports to zero. As per the OFAC, the sanctioned vessels are responsible for shipping tens of millions of barrels of crude oil, valued at hundreds of millions of dollars. "Iran continues to rely on a shadowy network of vessels, shippers, and brokers to facilitate its oil sales and fund its destabilising activities," said Secretary of the Treasury Scott Bessent.
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FLERE HISTORIER FRA The New Indian Express Hubballi
The New Indian Express Hubballi
Vietnam war reporter, Pulitzer winner Peter Arnett dies at 91
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The New Indian Express Hubballi
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The New Indian Express Hubballi
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The New Indian Express Hubballi
ELOQUENT SILENCE OF CONSTITUTIONS
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The New Indian Express Hubballi
Ace sculptor Ram V Sutar passes away at 100
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The New Indian Express Hubballi
U’khand youth forced to join Russia war, dies
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1 min
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The New Indian Express Hubballi
Chouhan tears into Oppn over din in LS, calls 'conduct' by INDIA MPs a blot
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1 mins
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The New Indian Express Hubballi
Names of 16L MGNREGS workers out
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1 mins
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The New Indian Express Hubballi
CCI will launch probe into IndiGo for ‘abusing its dominant position’
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The New Indian Express Hubballi
Mamata to rename her govt-funded job scheme after Mahatma Gandhi
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December 19, 2025
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