US sanctions four Indian firms and three individuals over Iran oil trade

tamil.oneindia.com (Tamil)

The United States has imposed economic sanctions on four Indian companies and three Indian individuals for alleged oil trade with Iran, according to a Trump administration announcement. The sanctioned entities include Sathasiva Overseas Limited, accused of importing $69 million in Iranian petroleum products, and BP Softek Private Limited, Pragrudees Infra Impex India Private Limited, and Forties Partners LLP, each linked to similar violations. The measures are part of Operation Economic Outcast, targeting Iran's revenue. Treasury Secretary Scott Bessent warned of further actions, while sanctions also hit Chinese and Hong Kong firms.


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US sanctions four Indian firms and three individuals over Iran oil trade | News Minimalist