US slaps sanctions on Indian, Turkish firms and people for aiding Iran

🇺🇸 Al-Monitor Middle East (US) —
US slaps sanctions on Indian, Turkish firms and people for aiding Iran

AI Summary

The U.S. Treasury announced sanctions against companies and individuals in India and Turkey for supporting Iran. The measures are part of an effort to restrict Iran’s oil revenue, which Washington says is helping fund the war.

By Andrea Shalal WASHINGTON, Nov 4 (Reuters) - The US Treasury on Wednesday issued fresh sanctions against companies and individuals based in India and Turkey for their ties to Iran, warning that it would continue to go after anyone who supported the Iranian regime. The sanctions are part of the Trump administration's "Operation Economic Outcast," which aims to cut off Iran's ability to sell oil to fund the war with the United States.

World Security Conflict Politics Markets Commodities Energy US sanctions Iran India Turkey oil revenue Treasury Department economic pressure

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