Tuesday, March 18, 2025

Creating liberating content

Washington: The United States has firmly rejected a suggestion by

A 30-year-old teacher and soccer coach at Downers Grove South

Dutch fashion brand Merrachi has stirred up controversy in France

Palestinian Hamas group has accused Israel’s Prime Minister Benjamin Netanyahu

Related News

Washington: The United States has firmly rejected a suggestion by French politician Raphael Glucksmann that the Statue of Liberty should be returned to France, dismissing his remarks as unwarranted and

A 30-year-old teacher and soccer coach at Downers Grove South High School has been charged with sexually assaulting a teenage student. Christina Formella, 30, has been charged with one count

Dutch fashion brand Merrachi has stirred up controversy in France with its latest advertisement featuring the Eiffel Tower draped in a hijab. What was intended as a creative expression has

Palestinian Hamas group has accused Israel’s Prime Minister Benjamin Netanyahu of “sacrificing” its hostages after fresh strikes jolted Gaza this morning, raising questions over future ceasefires to bring back the

The resumption of heavy Israeli strikes in Gaza immediately cast into question the status of the remaining hostages held there by Hamas and other groups — with fewer than half

Lucknow Super Giants enter IPL 2025 with lack of clarity over their seamers. Lucknow: With pacers Avesh Khan, Mayank Yadav and Akash Deep conspicuously missing in training sessions, the pace

Trending News

MUMBAI: RBI has pumped in over Rs 5 lakh crore into the banking system since mid-Jan through bond purchases, forex swaps and early-April maturity repos. To ensure that liquidity remains

Top stocks to buy (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, Trent and Bharat Forge are the top

NEW DELHI: India’s trade deficit has narrowed to a 42-month low of $14 billion in Feb 2025, thanks primarily to imports slowing to $51 billion, data released by the commerce

US President Trump with PM Modi NEW DELHI: Amid US President Donald Trump’s tariff threats, India is engaging with the US to find ways of increasing trade and discussing the

Bajaj to buy out Allianz’s stakes in insurance joint ventures MUMBAI: In the biggest insurance sector deal in India, Bajaj group will buy out Allianz’s 26% stakes in their life

Foreign portfolio investors (FPIs) are on track for the worst-ever annual equity selloff in FY25 in rupee terms, driven by sustained outflows since October 2024. In the first two weeks

US slaps sanctions on 4 Indian firms for aiding Iranian oil sales

Word Count: 639 | Estimated Reading Time: 4 minutes


US slaps sanctions on 4 Indian firms for aiding Iranian oil sales

The United States has imposed sanctions on four Indian companies citing their alleged role in Iran’s petroleum and petrochemical industry. The move, announced by the US department of the treasury on Monday, is part of Washington’s continued pressure campaign against Tehran’s oil trade.
A press release from the treasury’s office of foreign assets control (OFAC), revealed that the US had sanctioned Austinship Management Pvt Ltd, BSM Marine LLP, Cosmos Lines Inc, and Flux Maritime LLP.
These companies have been accused of facilitating the transportation of Iranian petroleum-related products, exposing them to severe restrictions under US law.
This marks the second wave of sanctions targeting Iran’s oil exports since US President Donald Trump issued a national security memorandum on 4 February, instructing authorities to intensify pressure on the middle eastern country.
As part of this crackdown, over 30 individuals and vessels across multiple countries, including the UAE, China, and Hong Kong—have also been sanctioned.
“Iran continues to rely on a shadowy network of vessels, shippers, and brokers to facilitate its oil sales and fund its destabilising activities,” said US treasury secretary Scott Bessent.
“The United States will use all our available tools to target all aspects of Iran’s oil supply chain, and anyone who deals in Iranian oil exposes themselves to significant sanctions risk.”
The US state department has additionally designated eight entities based in India, Iran, Malaysia, Seychelles, and the UAE for their alleged involvement in the trade of Iranian oil. Alongside these measures, eight vessels linked to these entities have been classified as blocked property.
The latest sanctions, issued under executive orders 13902 and 13846, highlight Washington’s determination to reduce Iran’s oil exports to zero.
New Delhi has yet to officially respond to the sanctions, but the move could complicate India’s energy trade policies, especially as it balances strategic ties with both Washington and Tehran.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account