US Sanctions 4 Indians, 9 Firms in Maritime Fraud Crackdown Over Iranian Shadow Oil Fleet
The United States has announced sanctions against four Indian nationals and nine Indian companies for allegedly aiding Iran's shadow fleet to transport and sell oil illicitly. US Treasury Secretary Scott Bessent unveiled the measures under Operation Economic Outcast, accusing the network of conducting extensive maritime fraud by providing fraudulent registry websites, false flags, and unauthorised certifications to sanctioned vessels since 2014. Those designated include Chandigarh-based Sunil…