In the latest tranche of sanctions on Iran, the United States has imposed sanctions on 35 entities and ships for transporting Iranian oil.
The firms sanctioned for transporting Iranian oil include two Indian firms as well.
The United States has imposed a wide range of sanctions on Iran since the Ayatollah’s regime seized the US embassy in Tehran in 1979 and held US citizens hostage. The sanctions have since been ramped up time-to-time in response to Iranian aggression in West Asian and ramping up of its nuclear programme.
In a statement on Monday (December 3), the Department of Treasury said that the latest tranche of sanctions imposes “additional costs on Iran’s petroleum sector following Iran’s attack against Israel on October 1, 2024, as well as Iran’s announced nuclear escalations, building upon the sanctions issued on October 11”.
Petroleum revenues provide the Iranian regime with the resources to fund its nuclear programme, develop advanced drones and missiles, and provide ongoing financial and material support for the terrorist activities of its regional proxies, said the Treasury.
Iran uses a range of tactics to transport sanctioned oil, such as relying upon a sprawling network of tankers and ship management firms in multiple jurisdictions and using false documentation, manipulation of vessel tracking systems, and constant changes to the names and flags of vessels, said the Treasury.
2 Indian firms among sanctioned entities
Among 35 entities and vessels that have been sanctioned are at least two Indian firms.
Content retrieved from: https://www.firstpost.com/world/us-sanctions-35-entities-and-ships-for-transporting-iranian-oil-including-2-indian-firms-13841378.html.
