WASHINGTON, Oct 8 - The Trump administration imposed fresh sanctions on Iran on Thursday targeting individuals, networks and 17 vessels for transporting its crude, oil products and petrochemicals, in the latest act of US economic warfare on Tehran, the Treasury Department said. Read more at straitstimes.com.

The US has sanctioned two Mumbai firms and five Indian nationals over alleged trade in Iranian petroleum products. The action widens Washington's pressure on Iran while giving one firm time to wind down operations.

U.S. sanctions two Mumbai firms and five Indians linked to Iran oil trade under Operation Economic Outcast.

U.S. sanctions two Mumbai firms and five Indians linked to Iran oil trade under Operation Economic Outcast.

The Treasury said the operation was designed to isolate the Iranian regime by targeting illicit revenue sources and the networks facilitating the movement of funds.

LONDON, Oct 8 - Britain's Foreign Office announced on Thursday new sanctions targeting individuals and entities it said were involved in the production or transport of Russian oil, facilitating military manufacturing and circumventing financial services sanctions. Read more at straitstimes.com.