Washington, Oct. 9 -- The US Department of the Treasury's Office of Foreign Assets Control (OFAC) on Thursday announced sanctions against more than 50 individuals, entities, and vessels for facilitating Iranian oil and liquefied petroleum gas (LPG) sales and shipments from Iran, including Indian nationals involved in trading activities linked to Iran's energy sector.

According to a release by the US Department of the Treasury, 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 action targets a network moving hundreds of millions of dollars' worth of Ir...