US Sanctions 4 Indians, 9 Firms in Maritime Fraud Crackdown Over Iranian Shadow Oil Fleet
By India Today
The United States has announced sanctions against four Indian nationals and nine Indian companies for allegedly aiding Iran's shadow fleet to transport and sell oil illicitly. US Treasury Secretary Scott Bessent unveiled the measures under Operation Economic Outcast, accusing the network of conducting extensive…
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Sanctions
Penalties such as trade bans, asset freezes or travel bans imposed by one or more countries on another country, group or person.
Sanctions are used to pressure governments without military action, with costs for both sides.
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