The US sanctions several companies, including India-based Gabbaro Ship Services, for allegedly carrying Iranian oil in response to Iran’s October 1 attack on Israel, targeting Iran’s energy trade. The Treasury claims Iran’s oil exports are facilitated by a network of illicit shipping companies, including UAE-based Max Maritime Solutions FZE, involved in ship-to-ship transfers of Iranian oil. Secretary of the Treasury Janet L Yellen emphasizes the sanctions aim to prevent Iran from using energy revenues to finance activities such as nuclear development and support for terrorist groups.
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US sanctions Indian firm along with others for illicitly carrying Iran oil | External Affairs Defence Security News
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