Politics
US sanctions Indian and Turkish firms accused of helping Iran evade oil restrictions
November 5, 2026 at 11:00 AM
Coverage
2 reports · 1 in Arabic, 1 in English · over 10 hours
The US Treasury has sanctioned a Chandigarh couple's network and a Turkish firm it accuses of aiding Iran's sanctioned oil tankers and airlines.
- The Treasury sanctioned Suniel Kumar Sharma, his wife Jaspreet Preeti Shahid, two other Indian nationals and nine linked entities over fake ship registries.
- The Treasury said the scheme, active since at least 2014, sold false flags and certifications to tankers carrying Iranian oil, including vessels for Iran's military.
- Treasury also sanctioned Turkiye-based Fugo Ground Services for ground handling to sanctioned Iranian airlines including Iran Air Tour.
- Treasury Secretary Scott Bessent said Washington will continue to pursue anyone who supports Tehran.