The United States has imposed sanctions on more than 50 entities, individuals, and vessels, including two Indian nationals, for allegedly helping Iran export oil and petrochemical products in violation of international restrictions. The action is part of Washington’s wider effort to dismantle Iran’s energy export network.

Announced on Thursday by the US Treasury Department’s Office of Foreign Assets Control (OFAC), the sanctions target actors accused of enabling Iran to export billions of dollars’ worth of petroleum and related products. According to the US government, the proceeds from these exports are used to fund terrorist groups and pose a threat to American national security.

“These actors have collectively enabled the export of billions of dollars’ worth of petroleum and petroleum products, providing critical revenue to the Iranian regime and its support for terrorist groups that threaten the United States,” the Treasury Department said in a statement.

The move forms part of the US administration’s continuing strategy to disrupt Iran’s financial networks and restrict revenue streams from its oil trade. Treasury Secretary Scott Bessent said the department was “degrading Iran’s cash flow by dismantling key elements of its energy export machine.”

Among those sanctioned are Indian nationals Varun Pula and Soniya Shrestha. According to the Treasury’s statement, Varun Pula owns Bertha Shipping Inc., registered in the Marshall Islands, which operates the Comoros-flagged vessel PAMIR. The ship is alleged to have transported nearly four million barrels of Iranian liquefied petroleum gas (LPG) to China since July 2024.

The other Indian national, Soniya Shrestha, owns Vega Star Ship Management Pvt Ltd, which operates the Comoros-flagged vessel NEPTA. The vessel is accused of carrying Iranian-origin LPG to Pakistan since January 2025.

Following the sanctions, all property and interests in property belonging to the designated individuals and entities within the United States — or in the possession or control of US persons — are blocked and must be reported to OFAC. Additionally, any company that is 50 per cent or more owned by a sanctioned individual or entity will also be subject to restrictions.