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US targets Chinese companies over drone components used by Hamas, Houthis

The US Treasury sanctioned over 50 entities linked to Iran’s oil exports, targeting shadow fleet vessels, terminals, and refineries to disrupt billions in revenue funding Tehran’s activities.

  • The U.S. has sanctioned over 50 entities and individuals, including two Indian nationals, for aiding Iranian energy sales, according to the U.S. Treasury Department's Office of Foreign Assets Control on October 9, 2025.
  • The sanctioned individuals are Varun Pula and Soniya Shrestha, linked to vessels transporting Iranian liquefied petroleum gas to China and Pakistan.
  • The sanctions aim to degrade Iran's cash flow by targeting the country's energy export machine.
  • All property and interests of those sanctioned within the U.S. will be blocked and must be reported to OFAC, according to the U.S. statement.
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Devdiscourse broke the news in India on Wednesday, October 8, 2025.
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