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Chandigarh Couple, Associates Face U.S. Sanctions Over Iranian Oil Trade
Aashia Punjabi
Author
Aashia Punjabi
Category
India
Read Time
2 min
Date
Nov 5, 2026
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Chandigarh Couple, Associates Face U.S. Sanctions Over Iranian Oil Trade

November 5, 2026
By: Aashia Punjabi
India
2 min read

Chandigarh Couple, Associates Face U.S. Sanctions Over Iranian Oil Trade

The U.S. Department of the Treasury has imposed sanctions on a Chandigarh-based Indian couple, their associates, and nine linked entities for operating a fake maritime registry scheme since 2014 to help sanctioned tankers transport Iranian oil. Additionally, the U.S. targeted Turkiye-based Fugo Ground Services for aiding sanctioned Iranian airlines as part of the Trump administration's "Operation Economic Outcast," aimed at severely disrupting Iran's oil revenue and war funding.

Published: November 5, 2026Updated: November 8, 2026
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