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Indian Company Among Dozen Sanctioned By US For Illicit Iranian Oil Trade

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Indian shipping companies face sanctions from the United States for allegedly transporting Iranian crude oil for sale to buyers in Asia, days after the October 1 Israeli attack triggered restrictions targeting Iranian energy trade. It is among the top ten companies.

India-based company Gabaro Ship Services was involved in the transportation of Iranian oil as the technical manager of the crude oil tanker “Hornet” and was deliberately involved in the important transaction of transporting oil from Iran as part of a “ghost fleet” I was doing it. The State Department insisted.

The latest U.S. sanctions against several companies around the world came in response to Iran’s October 1 ballistic missile attack on Israel.

US National Security Advisor Jake Sullivan said: “This attack targeted Israel’s most populous city, Tel Aviv, and killed hundreds if not thousands of innocent people. He may have been murdered.”

He said the United States had been clear that Iran would face serious consequences following the attack, and on Friday announced that the Treasury and State Departments had “new plans to more effectively target Iran’s energy trade.” It added that it had announced “important measures.”

“Today’s new designations also include measures against the ‘ghost fleet’ that transports Iranian illicit oil to buyers around the world. These measures further deny Iranian financial resources used to support its missile program. and will help provide support to terrorist groups that threaten the United States and our allies and partners,” Sullivan said.

The Treasury says Iranian oil exports are enabled by a network of illegal transportation intermediaries in multiple jurisdictions who load and transport Iranian oil “through obfuscation and deception” for sale to buyers in Asia. he claimed.

One of the most prominent among them is Max Maritime Solutions FZE (Max Maritime), which is based in the United Arab Emirates. The company used vessels under its management to conduct multiple ship-to-ship transfers of Iranian oil with vessels belonging to the U.S.-designated state-run Iranian Tanker Company. he claimed.

NITC transfers Iranian oil to the Iranian National Oil Company, which then transports it to refineries in China.

Companies sanctioned by the State Department include Suriname-based Strong Roots Provider NV, Glazing Future Management NV, and Engen Management NV. Gabbaro Ship Services Pvt Ltd, based in India. Malaysia-based Alya Marine Sendirian Berhad and Hong Kong-based Celia Armas Ltd.

Treasury Secretary Janet L. Yellen said, “Today’s sanctions threaten Iran’s efforts to divert revenues from its energy industry to fund deadly and destructive activities with dangerous consequences for the region and the world.” It is targeting efforts.”

Yellen said these deadly and destructive activities include Iran’s nuclear program, its proliferation of ballistic missiles and unmanned aerial vehicles, and its support for regional terrorist proxies. “We will not hesitate to take further action to hold Iran accountable.”

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