The United States has imposed sanctions on an India-based couple and several associated entities, accusing them of helping Iran’s shadow fleet transport petroleum while evading international restrictions.
The US Treasury identified the individuals as Suniel Kumar Sharma and his wife, Jaspreet Preeti Shahid. According to the department, the couple operated a network that provided false maritime flags and certifications to vessels involved in transporting Iranian petroleum, including ships linked to Iran’s military and its proxies.
The sanctions were announced as part of the Trump administration’s Operation Economic Outcast, a campaign aimed at disrupting Iran’s economic networks and oil revenues.
US alleges fraudulent maritime registrations
According to the US Treasury, Sharma and Shahid allegedly established fraudulent maritime registries and classification societies by creating websites that claimed to provide services on behalf of countries that had not authorised them.
The department said the couple’s activities went back to at least 2014, when they allegedly attempted to impersonate the maritime flagging authority of Dominica.
The Treasury further alleged that their network provided registration and certification services to vessels transporting Iranian petroleum, helping them circumvent international restrictions.
False ship flags and maritime certifications can allow vessels to operate while avoiding regulatory and sanctions-related scrutiny, according to the US authorities.
India-based firms also face sanctions
The US action also covers several India-based companies and entities associated with the alleged network.
Among those designated are Oceaniek Technologies India and Aryavart Ship Management Private Limited. Other entities named by the Treasury include Precept Trends Private Limited, Polynesia Maritime Private Limited, Alexarya Finserv Private Limited, Alexarya Media and Entertainment Private Limited, Viharaboating Private Limited and Aryavart Maritime and Educational Trust.
The Treasury imposed the measures under Executive Order 13902, which targets key sectors of Iran’s economy, including petroleum, petrochemicals and aviation.
US Treasury issues warning
US Treasury Secretary Scott Bessent warned that Washington would continue targeting people and organisations it believes are supporting Iran.
“Under Operation Economic Outcast, you are either with us or against us,” Bessent said, adding that the US would sanction those it believes continue supporting the Iranian regime, whether by land, sea or air.
Separately, the US also sanctioned Turkey-based Fugo Ground Services Inc, accusing it of providing ground-handling and other services to US-sanctioned Iranian airlines.
The latest action therefore extends Washington’s sanctions campaign beyond Iranian entities to foreign individuals and companies that the US alleges are helping Tehran’s sanctioned oil and aviation networks.