The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Thursday announced sanctions on over 50 people, companies, and vessels for facilitating Iranian oil and liquefied petroleum gas (LPG) sales and shipments from Iran. The sanctions also target Indian nationals involved in trading connected to Iran’s energy sector.

In an official release, the US Department of the Treasury, stated that these actors have collectively enabled the export of billions of dollars’ worth of petroleum and petroleum products, providing critical revenue to the Iranian regime and its support for terrorist groups that threaten the United States.

According to the department, the action targets a network moving hundreds of millions of dollars’ worth of Iranian LPG, along with nearly two dozen s

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