India, Oct. 9 -- The US Treasury Department on Thursday intensified its efforts against Iran's energy exports and expanded sanctions against several individuals and shipping companies, including those based in India.

Its official press release said that the US Department of the Treasury's Office of Foreign Assets Control (OFAC) was sanctioning 50 individuals, entities, and vessels that "facilitate Iranian oil and liquefied petroleum gas (LPG) sales and shipments from Iran".

Treasury Secretary Scott Bessent said the department is "degrading Iran's cash flow by dismantling key elements" of the Iranian energy export machine.

He said that the move was aimed at disrupting Iran's ability to fund terrorist groups with the billions of dollars'...