Washington imposes sanctions on network in India for providing ships that transport Iranian oil

The US Treasury imposed sanctions on a maritime network in India, accusing it of forging flags and navigation certificates to help Iran transport oil and evade sanctions, as part of the "Economic Outcast" campaign to isolate Tehran.

The US Treasury imposed sanctions on a maritime network based in India, accused of forging flags and navigation certificates to assist Iran's shadow fleet in transporting oil and evading international sanctions. The Treasury blacklisted the network, which it described as "criminal," and stated that its director, Sunil Kumar Sharma, and his wife, Jaspreet Preet Shahid, along with two other individuals and several Indian companies, were targeted by the sanctions. This step is part of the "Economic Outcast" campaign launched by Washington on August 25 to isolate Iran from the global financial system. The statement warned that ships operating under forged flags lack valid insurance, which could cause billions of dollars in losses to economies that enter their territorial waters.