US Treasury Sanctions Four Indian Individuals and Nine Companies Plus Turkish Firm for Supporting Iran

The U.S. Treasury Department on November 4, 2026 imposed sanctions on four India-based individuals and nine companies for supporting Iran's shadow fleet, while also designating Turkey-based Fugo Ground Services for backing Iran's aviation sector. The named Indian individuals include Suniel Kumar Sharma, his wife Jaspreet Preeti Shahid, and two other Indian citizens, along with nine entities connected to Sharma.

Treasury Secretary Scott Bessent issued a direct warning alongside the action, stating the U.S. would sanction anyone continuing to support the Iranian regime "whether by land, sea, or air." The coordinated designations signal a broadened enforcement posture targeting both maritime and aviation supply chains that enable Iran to move goods and personnel despite existing restrictions.