The US Department of the Treasury has announced a sweeping new round of sanctions targeting Iran’s vast shadow oil network, naming companies and individuals across several countries, including an India-based shipping operator, as Washington intensifies pressure on Tehran’s military financing mechanisms.

The measures, imposed by the Office of Foreign Assets Control (OFAC), aim to dismantle the network of front companies, shipping facilitators, and logistics providers that the Iranian armed forces have relied on to sell billions of dollars’ worth of crude oil.

According to the Treasury, these sales have become a key revenue source for Iran’s military as it attempts to rebuild following its defeat in the recent 12-Day War with Israel.

“Today’s action continues Treasury’s campaign to cut of

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