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US Sanctions Iran Network
The U.S. Treasury Department announced on Wednesday, November 4, 2026, sanctions against a ship-registration network linked to individuals and companies in India, and Turkey’s Fugo Ground Services, as part of its pressure campaign on Iran. It said the network had provided flags and unauthorised documents to vessels carrying Iranian petroleum products, while the company had provided services to sanctioned Iranian airlines. The measures include freezing assets under U.S. jurisdiction and prohibiting covered transactions, along with a warning to the maritime sector.
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