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Searched Tag: iranian oil

US sanctions Indian firms for transporting Iranian oils

US sanctions Indian firms for transporting Iranian oils

December 4, 2024, 10:24 AM - 3 min read

In a statement, the Department of Treasury said this action imposes additional costs on Iran’s petroleum sector following Iran’s attack against Israel on October 1, as well as Iran’s announced nuclear escalations, building upon the sanctions issued on October 11.

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A recently leaked document from Pakistani intelligence agencies reveals that Iranian oil smuggling amounts to over $ 1 billion per year, which is around 14% of the country’s annual demand.

Leaked intelligence report exposes massive Iranian oil smuggling operation in Pakistan

May 8, 2024, 12:17 PM - 2 min read

Baluchistan, the area most impacted by smuggling, is already dealing with a deadly separatist rebellion and tremendous poverty. Baluchistan remains one of the most insurgency-affected provinces of Pakistan; this booming informal economy poses a threat not only to Pakistan but to neighbouring countries as well.

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