US sanctions firms and people in India and Turkey over Iran
The US Treasury on Wednesday imposed sanctions on companies and individuals based in India and Turkey for supporting Iran, as part of the Trump administration's Operation Economic Outcast. The campaign aims to cut off Iran's oil sales that fund its war with the US and Israel. The action targeted India-based Suniel Kumar Sharma, his wife Jaspreet Preeti Shahid, two other Indian citizens who head their businesses, and nine entities linked to Sharma. Turkey-based Fugo Ground Services Inc was also sanctioned over its support of Iran's aviation sector. The Treasury announced the measures a day after Democrats won control of both houses of Congress in midterm elections.
Key facts
- The network provided false flags and certifications to sanctioned vessels carrying Iranian petroleum, including vessels run for Iran's military and its proxies.
- Voters expressed anger about the Iran war and its effect on US inflation, according to reporting on the midterm results.
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Why it matters
The sanctions expand US financial pressure on Iran's oil and aviation trade to third-country firms.
What changed
First published from The Straits Times, Al-Monitor, Middle East Eye, Dawn and Hindustan Times