The United States Department of the Treasury’s Office of Foreign Assets Control(OFAC )on Thursday revealed sanctions versus more than 50 people, entities, and vessels for assisting in Iranian oil and melted petroleum gas (LPG) sales and deliveries from Iran, consisting of Indian nationals associated with trading activities connected to Iran’s energy sector.
According to a release by the United States Department of the Treasury, these stars have actually jointly allowed the export of billions of dollars’ worth of petroleum and petroleum items, offering important earnings to the Iranian program and its assistance for terrorist groups that threaten the United States.
The action targets a network moving numerous countless dollars’ worth of Iranian LPG, together with almost 2 lots shadow fleet vessels, a China-based petroleum terminal, and an independent refinery. “The Treasury Department is degrading Iran’s cash flow by dismantling key elements of Iran’s energy export machine,” stated Secretary of the Treasury Scott Bessent. “Under President Trump, this administration is disrupting the regime’s ability to fund terrorist groups that threaten the United States.”
According to the release, Indian nationals Varun Pula, Soniya Shrestha, and Iyappan Raja have actually been approved under Executive Order 13902 for acting, or professing to act, straight or indirectly, for or on behalf of shipping companies associated with carrying Iranian petroleum items and LPG.
The release mentioned that Varun Pula owns Marshall Islands-based Bertha Shipping Inc., which runs the Comoros-flagged vessel PAMIR (IMO 9208239) that has actually carried almost 4 million barrels of Iranian LPG to China because July 2024. Iyappan Raja owns Evie Lines Inc., likewise based in the Marshall Islands, which runs the Panama-flagged SAPPHIRE GAS (IMO 9320738). The vessel has actually carried over a million barrels of Iranian LPG to China considering that April 2025, the release included.
The Treasury Department kept in mind that Soniya Shrestha owns India-based Vega Star Ship Management Private Limited, which runs the Comoros-flagged NEPTA (IMO 9013701). The vessel has actually transferred Iranian-origin LPG to Pakistan considering that January 2025. The United States Department of the Treasury specified that the sanctions freeze all home and interests in home of the designated individuals that remain in the United States or under the belongings or control of United States individuals. Any entities owned 50 percent or more by several obstructed individuals are likewise obstructed.
According to the release, OFAC’s policies forbid all deals by United States individuals or within the United States that include any home or interests in home of obstructed individuals unless particularly authorised. Infractions of United States sanctions might lead to the imposition of civil or criminal charges on United States and foreign individuals.
The release even more kept in mind that the supreme objective of the sanctions is to produce a favorable modification in behaviour, and people or entities designated might look for elimination from the sanctions list in accordance with recognized legal treatments.
Released on October 10, 2025
