US EditionUS Tightens Sanctions on Iran’s Oil Network: Mahan Air, One Indian Company in Its List
New sanctions target a network facilitating Iran's oil sales and aviation, aiming to block funds used for military rebuilding and nuclear ambitions, Treasury said.
- On Thursday, the U.S. Department of the Treasury announced new sanctions targeting a network linked to Sepehr Energy Jahan Nama Pars Company, an oil‑sales arm of Iran's Armed Forces General Staff.
- Amid U.S. efforts under NSPM‑2, Treasury said Iran's military increasingly relies on oil exports to fund rebuilding and proxies, targeting those revenues.
- Designations included 41 entities, individuals, vessels and aircraft, six vessels from Iran's 'shadow fleet' joining more than 170 sanctioned this year, and Yazd International Airways Company.
- Blocking their property under U.S. jurisdiction, all property of designated parties is blocked and U.S. persons are prohibited from dealings, while the Treasury will continue targeting maritime service providers and dark fleet operators.
- Across multiple jurisdictions, Sepehr Energy Jahan Nama Pars Company used front firms in the UAE, Panama, India, Germany and others, moving millions of barrels as part of the United States' ongoing campaign to deny Iran resources for destabilising activities.
18 Articles
18 Articles
US Treasury tightens sanctions on Irans shadow oil network, Indian firm among those targeted - The Tribune
The US Department of State and Department of Treasury announced new sanctions targeting Iran's shadow oil network, naming companies and individuals across several countries, including India.
U.S. Sanctions Shipping Networks for Funding Iranian Regime With Oil Sales
The United States announced sanctions Thursday against shipping networks responsible for allegedly funding Iran’s terrorist activities through illicit oil sales. An airline and its affiliates that arm and supply Iran-backed terrorist groups will also be sanctioned, according to the U.S. State Department’s announcement. The State Department sanctioned 17 entities, people, and ships in several countries, including India, Panama, and the Seychelles…
U.S. sanctions companies and vessels accused of aiding Iranian military oil sales
The United States has imposed new sanctions on companies, vessels, and individuals accused of helping the Iranian military sell crude oil through a network of front companies, according to the U.S. Department of the Treasury. The sanctions were announced on Thursday in a statement from the Treasury Department’s Office of Foreign Assets Control (OFAC). Officials said the measures expand restrictions on Iran’s “shadow fleet” of tankers and target …
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