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Shipping magnate, fleet sanctioned by US for transporting Iranian petroleum

( April 10, 2025, 19:49 GMT | Official Statement) -- MLex Summary: The US Treasury Department's Office of Foreign Assets Control sanctioned United Arab Emirates -based Indian national Jugwinder Singh Brar, who owns multiple shipping companies that boast a fleet of nearly 30 vessels, many of which operate as part of Iran’s “shadow fleet.” OFAC is also designating two UAE- and two India-based entities that own and operate Brar’s vessels that have transported Iranian oil on behalf of the National Iranian Oil Company and the Iranian military. The US State Department sanctioned a China-based terminal operator that received at least eight Iranian crude oil cargos, designated three vessel management companies for their involvement in the transport of Iranian petroleum, and identified two vessels as blocked property of two of these companies.Statements follow below:...

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