The US Department of Treasury said these oil revenues have become a crucial financial stream for Iran's armed forces.

The Donald Trump administration of the US has unveiled a major set of sanctions aimed at dismantling Iran’s extensive shadow oil network, identifying entities and individuals across multiple countries, including an India-based shipping firm and an India-based petroleum products trader, as part of efforts to tighten financial pressure on Tehran’s military operations.

“Today, the Department of State is designating 17 entities, individuals, and vessels to stem the flow of revenue that the Iranian regime uses to advance its nuclear program, and to enable shipping facilitators in multiple jurisdictions who, through obfuscation and deception, load and transport Iranian oil for

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