BR100 Increased By (2.8%)
BR30 Increased By (3.57%)
KSE100 Increased By (2.38%)
KSE30 Increased By (2.44%)
AGHA 6.12 Increased By ▲ 0.09 (1.49%)
BECO 4.16 Increased By ▲ 0.30 (7.77%)
BML 62.73 Increased By ▲ 1.73 (2.84%)
BOP 30.90 Increased By ▲ 2.81 (10%)
CNERGY 11.97 Increased By ▲ 0.23 (1.96%)
CSIL 5.42 Increased By ▲ 0.12 (2.26%)
FCCL 56.78 Increased By ▲ 2.32 (4.26%)
FFL 13.34 Increased By ▲ 0.27 (2.07%)
FNEL 1.15 Increased By ▲ 0.04 (3.6%)
KEL 6.00 Increased By ▲ 0.37 (6.57%)
KOSM 5.48 Increased By ▲ 0.14 (2.62%)
LOTCHEM 24.37 Increased By ▲ 0.54 (2.27%)
MLCF 97.49 Increased By ▲ 4.51 (4.85%)
NBP 174.50 Increased By ▲ 11.30 (6.92%)
NCPL 48.47 Increased By ▲ 0.20 (0.41%)
NPL 50.23 Increased By ▲ 0.52 (1.05%)
OGDC 310.47 Increased By ▲ 6.84 (2.25%)
PACE 9.05 Increased By ▲ 0.08 (0.89%)
PAEL 33.07 Increased By ▲ 1.16 (3.64%)
PIBTL 13.15 Increased By ▲ 0.41 (3.22%)
PPL 217.17 Increased By ▲ 4.26 (2%)
PRL 85.66 Increased By ▲ 1.32 (1.57%)
PTC 46.19 Increased By ▲ 1.20 (2.67%)
SSGC 23.32 Increased By ▲ 0.49 (2.15%)
TBL 9.02 Increased By ▲ 0.14 (1.58%)
TELE 6.73 Increased By ▲ 0.23 (3.54%)
TPL 26.10 Increased By ▲ 1.84 (7.58%)
TPLP 12.67 Increased By ▲ 0.68 (5.67%)
TREET 23.80 Increased By ▲ 0.66 (2.85%)
TRG 53.17 Increased By ▲ 1.70 (3.3%)
By

WASHINGTON: The United States on Wednesday issued sanctions targeting what it described as a “vast criminal network” run by two Indian nationals that was aiding Iran’s shadow fleet of oil tankers in committing maritime fraud.

In a statement, the US Treasury said the network aided Iranian vessels in sailing under false flags and in gaining fake maritime certifications.

The move was the latest in a tightening web of US sanctions targeting Iran since August, when Washington announced that it would be seeking the “economic asphyxiation” of the country in conjunction with its military campaign.

The United States and Israel launched a war against Iran in late February, plunging the Middle East into violence as Tehran’s retaliatory action struck US allies and closed a vital energy trade waterway.

“As we have said many times, under Operation Economic Outcast, you are either with us or against us,” said Treasury Secretary Scott Bessent, who has in the past threatened sanctions against any country or company that aids Iran, regardless of its relationship with Washington.

“We know where you are, and we will sanction those who continue supporting the Iranian regime, whether by land, sea, or air.”

Comments

200 characters remaining