Washington, May 28 (IANS) The Persian Gulf Strait Authority, an Iranian authority overseeing shipping control in the Strait of Hormuz, has been added to the Specially Designated Nationals List in a fresh sanction move under the US Economic Fury campaign, the US Treasury Department said.In a press release posted on its website on Wednesday (local time), the department’s Office of Foreign Assets Control claimed the Strait Authority sought to impose illegitimate tolls on commercial traffic and forc…
Latest US Treasury Department News & Updates
Washington, May 19 (IANS) Republican Congressman Lance Gooden has welcomed the $275 million settlement between the US Treasury Department and Adani Enterprises Limited, calling it a “very positive step” for the India-US ties and accusing the previous Joe Biden administration of pursuing a politically motivated case against the Indian conglomerate.“We’re very pleased with the outcome,” Gooden said in an exclusive interview with IANS. “It was unfortunate that Mr (Gautam) Adani had to g…
New York, May 18 (IANS) In yet another significant development, the US Department of Justice has permanently dropped all criminal charges against Gautam Adani and his nephew, Sagar Adani, in an alleged securities and wire fraud case.In a filing before the Eastern District of New York, the US Department of Justice requested dismissal of the indictment against Adani.”The Department of Justice has reviewed this case and has decided, in its prosecutorial discretion, not to devote further resources t…
New Delhi, May 18 (IANS) The US Treasury Department’s Office of Foreign Assets Control (OFAC) on Monday announced that it has reached a $275 million settlement with India’s Adani Enterprises Limited (AEL) over the “apparent violations” of sanctions on Iran in the company’s purchase of LPG. According to an OFAC statement, AEL has agreed to pay $275 million to settle its potential civil liability for apparent violations of OFAC sanctions on Iran.”From November 2023 to June 2025, AEL purchased …
New York, May 12 (IANS) Citing the shared commitment with India to fight drug trafficking, the United States has banned visas for 13 people associated with an Indian business that was already sanctioned for allegedly trafficking in the deadly drug fentanyl, State Department Spokesperson Tommy Pigott announced on Tuesday. They “are close business associates of KS International Traders and its owner”, and the company “generated revenue through the trafficking of illicit fentanyl, which Pr…
Lahore, April 16 (IANS) Amir Hamza, one of the founding members of Pakistani terror group Lashkar-e-Taiba (LeT), has suffered bullet injuries after unknown motorcyclists opened fire on his car at Hamdard Chowk, near the Peko Road Pindi Stop in Kot Lakhpat area in Lahore on Thursday, local media reported. Hamza, according to the local media reports, suffered bullet injuries as armed men got off a motorcycle and rained bullets at his car while he was returning home at 8:30 am after attending a rel…
Washington, April 2 (IANS) The United States has removed sanctions on Venezuela’s Acting President Delcy Rodriguez, according to an update posted on the website of the US Treasury Department.The US Treasury’s Office of Foreign Assets Control on Wednesday (Local time) said Rodriguez had been removed from its sanctions list, without providing further details on the decision, reports Xinhua news agency.In a post on social media platform X, Rodriguez welcomed the move as a positive step toward norma…
Washington, March 21 (IANS) The United States has announced a 30-day sanctions waiver permitting the sale of Iranian oil currently stranded at sea, in a move aimed at easing mounting pressure on global energy supplies triggered by the ongoing conflict with Iran.Taking to X, US Treasury Secretary Scott Bessent said the decision is intended to quickly stabilise global markets by unlocking already available oil supplies.“By temporarily unlocking this existing supply for the world, the United Stat…
Washington, March 14 (IANS) The United States expanded authorisations for Venezuela’s energy and petrochemical sectors, a move that could help stabilise global fertilizer and oil supplies — developments closely watched by major importers such as India.The US Treasury Department said the changes were made through updated licences issued by its Office of Foreign Assets Control (OFAC) as part of efforts to revive Venezuela’s energy industry and support global commodity markets.“The Trump ad…
New Delhi, March 8 (IANS) India has started securing additional crude oil supplies from alternative global sources as the conflict involving Iran continues to disrupt energy flows in West Asia. Indian refiners are negotiating cargoes from countries such as the United States, Russia and producers in West Africa to ensure stable fuel supplies if the geopolitical tensions persist, according to the sources.The move comes as tensions in the region have raised concerns about disruptions in oil shipmen…