The sanctions focus heavily on an India-based network that set up counterfeit registry websites to issue fake flags from nations like Guyana, Laos, and Eswatini for tankers carrying Iranian oil. Concurrently, Turkish aviation services provider Fugo Ground Services was penalized for servicing US-sanctioned Iranian air carriers, such as Saha Airlines and Iran Air Tour. These coordinated actions fall under the Trump administration's broader "Operation Economic Outcast," a strategy aimed at choking off state revenue streams. Treasury officials noted this sustained pressure has heavily devalued the Iranian rial and pushed domestic inflation near 90 percent.
Key points
Washington is actively targeting overseas facilitators who use fraudulent maritime docume…: Washington is actively targeting overseas facilitators who use fraudulent maritime documentation to help the Iranian military export crude oil.
Foreign logistics firms providing ground services to blacklisted Iranian air carriers fac…: Foreign logistics firms providing ground services to blacklisted Iranian air carriers face severe exclusion from the United States financial system.
The measures advance a wider economic pressure campaign that has pushed Iran's domestic i…: The measures advance a wider economic pressure campaign that has pushed Iran's domestic inflation rate to an estimated 90 percent.
Sources checked by our analysis pipeline: 1
US Treasury says Indian couple faked ship registries for countries including Guyana and Laos to help Iranian tankers.
The United States has imposed sanctions on companies and individuals in India and Turkiye that it accuses of helping Iran get around restrictions on its oil exports and its airlines.
The US Department of the Treasury said on Wednesday that the measures target a “vast criminal network” run by Suniel Kumar Sharma and his wife, Jaspreet Preeti Shahid, who are based in the northern Indian city of Chandigarh.
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Two other Indian nationals who head the couple’s businesses and nine entities linked to Sharma were also sanctioned.
According to the Treasury, the couple falsely claimed to represent the maritime authorities of countries including Guyana, Eswatini and Laos. It said they issued fake flags and certifications that allowed sanctioned tankers carrying…
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