In a fresh move to tighten the noose around Iran’s energy revenues, the United States has imposed sanctions on nine Indian firms and eight Indian nationals accused of trading in Iranian oil, petrochemicals, and liquefied petroleum gas (LPG). The US State Department and the Treasury’s Office of Foreign Assets Control (OFAC) together named nearly 100 individuals, entities, and vessels tied to Iran’s export network.

According to the State Department, the sanctions are part of Washington’s ongoing “maximum pressure campaign” aimed at disrupting Tehran’s energy export system and curbing its alleged financial support to terrorist organizations.

Among those hit are several Indian companies allegedly responsible for importing Iranian-origin petrochemicals worth hundreds of millions of dollars. T

See Full Page