US Sanctions Hit Six Indian Firms Over Iranian Oil Deals
Six Indian companies face US sanctions for allegedly purchasing millions of dollars worth of Iranian petrochemicals, a move announced on July 31, 2025. The US Treasury Department cited violations of its sanctions regime against Iran.
The sanctions aim to curb Iran’s access to vital revenue streams, thereby limiting its capacity for destabilizing regional activities. This is part of a wider US strategy to counter what it terms illicit Iranian trade.
Besides the corporate sanctions, several individuals and entities associated with a major Iranian shipping network also faced punitive measures. The US alleges these entities facilitated the movement of sanctioned goods.
This development underscores the complexities of navigating international sanctions, particularly for Indian businesses engaging in trade with Iran. The impact on India-US relations and bilateral trade warrants close monitoring, with potential ramifications for future energy deals.
