Search

Saved articles

You have not yet added any article to your bookmarks!

Newsletter image

Subscribe to the Newsletter

Join 10k+ people to get notified about new posts, news and tips.

Do not worry we don't spam!

US Sanctions Hit Iran’s Oil Network Indian Firms Under Scrutiny

US Sanctions Hit Iran’s Oil Network Indian Firms Under Scrutiny

Post by : Rameen Ariff

The United States has announced a new round of sanctions targeting more than 50 individuals, companies, and vessels linked to Iran’s crude oil and liquefied petroleum gas (LPG) exports. The move is part of Washington’s continued effort to reduce Iran’s energy revenues and limit funding that could support regional instability.

According to the U.S. Department of the Treasury, several of the newly sanctioned companies have connections to Indian nationals, underscoring the global reach of Iran’s petroleum trade network.

Indian Companies Under Scrutiny

Three India-linked firms have been identified in the latest sanctions list:

  • Bertha Shipping, owned by Varun Pula, operates the Comoros-flagged vessel PAMIR, which reportedly carried nearly four million barrels of Iranian LPG to China since July 2024.

  • Evie Lines Inc, owned by Iyappan Raja, manages the Panama-flagged vessel SAPPHIRE GAS, which transported over one million barrels of Iranian LPG to China since April 2025.

  • Vega Star Ship Management Pvt Ltd, led by Soniya Shrestha, oversees the Comoros-flagged vessel NEPTA, which has delivered Iranian LPG to Pakistan since January 2025.

These firms are part of a broader pattern of Indian-linked entities facing U.S. sanctions for participating in Iran’s petroleum and petrochemical trade, despite international restrictions.

Wider Global Impact

The sanctions reach beyond India, also targeting companies and ships registered in the UAE, Hong Kong, Panama, China, and the Marshall Islands. The U.S. Treasury stated that this coordinated action is intended to block Iran’s ability to generate foreign currency through energy exports.

Since the U.S. withdrawal from the 2015 nuclear deal (JCPOA) in 2018, Washington has intensified efforts to cut off Tehran’s access to global energy markets. While India officially stopped direct crude imports from Iran in 2019, reports suggest that indirect trade continues through intermediaries and smaller operators.

Strategic Pressure on Tehran

Experts say this move demonstrates Washington’s continued determination to pressure Iran’s economy and curb its influence in the Middle East. By disrupting trade routes and sanctioning key shipping operators, the U.S. aims to limit Iran’s ability to fund regional proxies and develop its nuclear capabilities.

However, analysts also warn that these sanctions could drive Iran to expand its clandestine maritime trade, creating more complex supply chains across Asia and the Middle East.

The latest sanctions mark another step in the U.S.’s ongoing strategy to monitor and dismantle Iran’s energy export networks, ensuring that its oil and LPG sales no longer contribute to destabilizing regional activities.

Oct. 10, 2025 6:51 p.m. 1157

#world news #Global News

Increasing Pressure on Peru as Election Count Delays Unfold
April 18, 2026 6:12 p.m.
Peru's election officials face mounting pressure over delayed vote counts, casting doubt on the upcoming presidential runoff.
Read More
Trump Applauds Iran for Reopening Vital Strait of Hormuz
April 18, 2026 6:07 p.m.
Donald Trump expressed gratitude to Iran for reopening the Strait of Hormuz, leading to a significant dip in oil prices and positive market reactions.
Read More
Defense Claims Media Coverage Distorts Fairness in Kirk Trial
April 18, 2026 6:04 p.m.
Defense argues courtroom cameras may bias jurors in the Charlie Kirk murder trial, raising concerns about fairness.
Read More
US Transfers First Migrants to Democratic Republic of Congo
April 18, 2026 5:57 p.m.
Fifteen migrants arrive in DR Congo from the US under a new deal, raising human rights concerns about their legal status and safety.
Read More
HDFC Bank's Q4 Report: Profits Climb 8% Fueled by Robust Loan Demand
April 18, 2026 5:57 p.m.
HDFC Bank's Q4 profit climbs 8% to ₹20,350 crore, boosted by robust loan growth and stable income despite rising expenses.
Read More
Oklahoma City Thunder Targets Consecutive NBA Championships Following Stellar Season
April 18, 2026 5:53 p.m.
The Thunder pursue consecutive NBA titles, fueled by Shai Gilgeous-Alexander's leadership and a robust team dynamic.
Read More
US and Canadian Stocks Soar as Oil Prices Plummet Following Hormuz Reopening
April 18, 2026 5:51 p.m.
Stocks in North America surged while oil prices dropped sharply after the reopening of the Strait of Hormuz, alleviating supply disruption fears.
Read More
Pakistan Advocates for Renewed US-Iran Dialogue Following Diplomatic Visits
April 18, 2026 5:50 p.m.
Increased diplomatic efforts by Pakistan aim to facilitate US-Iran talks, as PM Sharif and Army Chief Munir return from key visits.
Read More
Shah Rukh Khan's Temporary Move: A Testament to His Humility
April 18, 2026 5:46 p.m.
As Mannat undergoes renovations, SRK's landlord celebrates the star's humility during his temporary apartment stay.
Read More