The United States US has imposed fresh sanctions on 20 foreign companies, including seven from India, for allegedly violating international restrictions by trading Iranian oil and petrochemical products. The move comes as part of Washington’s broader campaign to tighten economic pressure on Tehran.
The US State Department accused the targeted firms—spanning India, China, Turkey, the UAE, and Indonesia—of enabling Iran’s oil exports and “financing terrorism.” Among the Indian companies penalized are Kanchan Polymers and Alchemy. Additionally, the US designated 10 Iranian vessels as seized assets.
Officials stated that six Indian companies were directly purchasing Iranian products, bypassing US-led sanctions. The measures aim to curb Iran’s nuclear and military ambitions by disrupting its revenue streams.
The sanctions reflect Washington’s hardened stance against entities aiding Iran’s economy despite longstanding restrictions. The State Department emphasized that such trade “undermines global security.”
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