US Imposes Sanctions on Indian and Turkish Firms and Individuals Over Alleged Support for Iran

The United States has imposed new sanctions on companies and individuals in India and Turkey accused of supporting Iran’s activities, intensifying Washington’s efforts to disrupt Tehran’s international trade and procurement networks.

The sanctions target businesses and individuals allegedly involved in facilitating transactions, supplying materials or providing other forms of assistance to entities linked to Iran. The measures are part of the US government’s broader strategy to restrict Iran’s access to international markets, particularly networks believed to support its military and strategic programmes.

The Indian network was allegedly operated by Suniel Kumar Sharma, his wife Jaspreet Preeti Shahid and two other Indian nationals who managed businesses connected to the operation. According to the US Treasury, the network established fraudulent maritime registration websites and falsely claimed to represent countries including Guyana, Eswatini and Laos. These activities allegedly enabled vessels transporting Iranian petroleum to evade international restrictions and continue operating under misleading flags and certifications.

Washington also targeted Turkey-based Fugo Ground Services Inc, accusing the company of providing ground-handling and other services to Iranian airlines under US sanctions, including Iran Air Tour, Saha Airlines, Taban Airlines and Ata Airlines.

US Treasury Secretary Scott Bessent warned that Washington would continue pursuing individuals and businesses supporting Tehran through land, sea and air networks. The Treasury also issued an industry alert highlighting the risks associated with vessels operating under fraudulent flags and maritime documentation.

The latest measures form part of the Trump administration’s broader economic pressure campaign against Iran, aimed at restricting its oil revenues and limiting the financial networks supporting its military activities.

The sanctions could increase pressure on businesses operating across international shipping, aviation and energy markets, while adding further diplomatic and economic tension involving the United States, India, Turkey and Iran.

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