US Sanctions Target Indian Firms Trading Iranian Oil
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The US imposed sanctions on eight Indian companies and five Indian nationals for trading Iranian oil and petrochemicals. The sanctions, announced Wednesday, target entities linked to a shipping empire allegedly controlled by Mohammad Hossein Shamkhani, son of a top Iranian advisor. The action is part of a broader US campaign against Iran, with the Iranian embassy in India condemning it as economic weaponization. Over 50 individuals and entities, including numerous vessels, were targeted in total.
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