Business Live — 5 November 2026
Verified developments in Indian and global business, economic policy, trade and financial markets.
Verified updates
U.S. Treasury sanctions India-linked maritime network and Türkiye aviation firm
On 4 November, the U.S. Treasury announced sanctions under Operation Economic Outcast against individuals and companies it says assisted Iran-linked maritime activity through false vessel flags and certification, including India-based entities, and a Türkiye-based aviation-services company. Treasury also announced an industry alert on the risks of dealing with potentially falsely flagged vessels. The designations are confirmed U.S. government actions; the claims about the entities' underlying conduct are Treasury allegations, not court findings.
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