US sanctions Indian and Turkish firms over alleged Iran oil ties

The U.S. Treasury imposed sanctions on India- and Turkey-based individuals and businesses over alleged ties to Iran’s oil trade and aviation sector, as part of Operation Economic Outcast. The Treasury accused Indian businessman Suniel Kumar Sharma, his wife Jaspreet Preeti Shahid, two associates and nine related entities of providing false flags and ship certifications that helped sanctioned vessels transport Iranian petroleum, including for Iran’s military and proxies. It also sanctioned Turkey-based Fugo Group Services Inc. for allegedly supporting Iran’s aviation sector. The operation is intended to restrict Iran’s ability to generate revenue and support its military and government.