Explained: Why US Has Sanctioned Indian Nationals And Firms Over Iranian Oil Trade | World News
The United States has intensified its pressure on Iran’s energy sector and announced sanctions against more than 50 individuals, companies and ships accused of facilitating Iran’s sales of oil and liquefied petroleum gas (LPG). The action, led by the US Treasury Department’s Office of Foreign Assets Control (OFAC), also includes the names of many Indian citizens and companies allegedly linked to the transportation of Iranian oil products in violation of US sanctions.
What Triggered the Sanctions?
According to the US Treasury, these individuals and organizations provided critical income to the Iranian regime by helping to transport billions of dollars worth of oil and LPG from Iran. Washington claims this money supports Iran’s network of militants and proxy groups that threaten US interests and regional stability.
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The move targets a vast network that includes nearly two dozen “shadow fleet” ships (along with the ships, a China-based crude oil terminal and an independent refinery).
Who Were Sanctioned by India?
Three Indian citizens – Varun Pula, Soniya Shrestha and Iyappan Raja – were sanctioned under Decree 13902 for acting on behalf of shipping companies transporting Iranian oil and LPG.
- Varun Pula It is the owner of Bertha Shipping Inc., which operates the Comoros-flagged ship PAMIR (IMO 9208239), based in the Marshall Islands. This ship has reportedly been carrying approximately four million barrels of Iranian LPG to China since July 2024.
- Iyappan Raja is the owner of Evie Lines Inc., which operates the Panama-flagged vessel SAPPHIRE GAS (IMO 9320738), also based in the Marshall Islands. More than one million barrels of Iranian LPG have been delivered to China since April 2025.
- Soniya Shrestha Vega is the owner of Star Ship Management Pvt. Ltd. is headquartered in India. His company has been managing the Comoros-flagged NEPTA (IMO 9013701) ship, which has been transporting Iranian LPG to Pakistan since January 2025.
What Do Sanctions Mean?
Within the scope of these sanctions, all property and interests belonging to designated individuals and organizations within the jurisdiction of the United States are frozen. U.S. persons are prohibited from transacting with them unless expressly authorized by OFAC. Additionally, any company in which a sanctioned person has 50% or more ownership is automatically blocked.
Violation of these safeguards may result in civil or criminal penalties for both U.S. and foreign persons. However, OFAC clarified that sanctioned entities may apply for delisting in accordance with established legal procedures.
What is Washington’s Purpose?
US Treasury Secretary Scott Bessent said the sanctions were aimed at “disrupting Iran’s cash flow by eliminating key elements of Iran’s energy export machine.” He emphasized that Washington is determined, in line with administration policy, to thwart Iran’s ability to finance groups that threaten the United States and its allies.
(via ANI Inputs)
