US Sanctions Four Indian Firms Over Iran Oil and Petrochemical Trade Links
The United States has sanctioned four Indian companies for their alleged involvement in the trade of Iranian oil and petrochemicals, as part of its 'Operation Economic Outcast' initiative. This move targets entities accused of facilitating Iran's illicit financial activities.
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US sanctions 4 Indian firms under ‘Economic Outcast’ over Iran oil and petrochemical trade links
The United States has imposed sanctions on four Indian companies involved in Iran's oil trade, aiming to disrupt Tehran's global revenue streams. Among those targeted, Sadashiva Overseas and PP Softtech have been linked to the import of significant quantities of Iranian petroleum products. Additionally, Prakrutees Infra participated in similar transactions from May 2023 to February 2026, highlighting the ongoing US efforts against Iran's illicit economic activities.
By ARYAN SINGH
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This came a day after US announced ‘Operation Economic Outcast’, which involves new sanctions that aim to block all potential sources of revenue for Iran.
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