Two Mumbai-Based Firms, 5 Indian Nationals Face US Sanctions over Iran Oil Trade
The sanctions target 10 entities, six individuals and five vessels as Washington seeks to cut off millions in Iranian oil revenue, officials said.
- On Thursday, The United States imposed sanctions on two Mumbai-based firms—SSPL Solutions Private Limited and Samudra Marine Services Private Limited—for facilitating Iranian petroleum product imports.
- This action is part of Washington's broader crackdown on Iran under Operation Economic Outcast; the State Department alleged these entities channeled millions of dollars to the regime, bolstering critical revenue streams.
- The State Department is sanctioning 10 entities, six individuals, and five vessels connected to Iranian-origin trade, while the Treasury Department sanctioned 17 entities and their shadow fleet vessels to deprive Tehran of funds.
- Treasury Secretary Scott Bessent said, "Treasury is starving the tyrannical regime in Tehran of the money it uses to wage war in the region, and we will continue exposing those who enable the regime's oil sales."
- The United States blocked five individuals—Dhwani, Nisarg Vora, Ketan Kochikar, Bhupendrasingh Sahu, and Harishyam Hariharan Chundakattil—from firm transactions and authorized a temporary wind-down period for Samudra Marine Services through October 23.
22 Articles
22 Articles
The US has announced sanctions against two Mumbai-based companies and five other individuals associated with them for allegedly importing Iranian oil.
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Hindustan TimesTwo Mumbai-based firms, 5 Indian nationals face US sanctions over Iran oil trade
The US imposed sanctions on two Mumbai-based firms, SSPL Solutions Private Limited and Samudra Marine Services Private Limited, and five Indian nationals for allegedly trading Iranian petroleum products.
US Imposes Fresh Iran Sanctions, Targets 27 Companies, Six Individuals and 22 Vessels
Get latest articles and stories on World at LatestLY. According to a press release issued by the US Department of the Treasury, Treasury Secretary Scott Bessent said the latest action was aimed at cutting off revenue used by the Iranian regime and targeting those facilitating Iran's oil sales and sanctions evasion. World News | US Imposes Fresh Iran Sanctions, Targets 27 Companies, Six Individuals and 22 Vessels.
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