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The U.S. slaps sanctions on the Iranian Petroleum Minister and several companies, including one from India
The Treasury alleged that Iran’s Ministry of Petroleum and the Iranian armed forces rely on a vast shadow fleet of vessels to disguise oil shipments worth billions of dollars for delivery to China.
U.S. Treasury Secretary Scott Bessent speaks at an Economic Club of New York event in New York City, U.S., March 6, 2025. REUTERS/Jeenah Moon / Reuters
Washington, March 13: The United States on Thursday imposed sanctions on Iran’s Petroleum Minister Mohsen Paknejad and several other companies, including those from India and China, for owning or operating vessels that have delivered Iranian oil to China.
“The Iranian regime continues to use the proceeds from the nation’s vast oil resources to advance its narrow, alarming self-interests at the expense of the Iranian people,” said Secretary of the Treasury Scott Bessent.
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