<h1>US Treasury sanctions over 50 entities, individuals and vessels for facilitating Iranian petroleum and LPG exports, invoking 50% rule</h1> The US Treasury's Office of Foreign Assets Control designated more than 50 entities, individuals and vessels for allegedly facilitating Iranian petroleum and petrochemical exports, including two Indian nationals and associated shipping companies and vessels accused of transporting Iranian LPG to third countries. The designations block all US-located or US-person-controlled property and interests of the designated parties and require reporting to OFAC; entities 50% or more owned by blocked persons are also blocked. The sanctions aim to disrupt revenue streams funding Iran's activities.