US Imposes Sanctions on Four Indian Firms and Three Nationals Over Iran Oil Trade

The United States announced new sanctions targeting four Indian companies and three Indian nationals for their role in the trade of Iranian oil. The move expands the U.S. Treasury’s Iran sanctions regime, which has been tightened in recent months. The sanctioned entities are alleged to have facilitated the purchase, sale or transport of Iranian crude or refined products, in violation of U.S. export controls. The sanctions impose asset freezes and prohibit U.S. persons from conducting business with the listed parties.

The U.S. Treasury’s Office of Foreign Assets Control (OFAC) said the action is part of its broader strategy to curb Iran’s oil revenue. It also warned that any U.S. company dealing with the sanctioned entities could face secondary sanctions. The Indian government has not yet issued a statement on the new restrictions.

Industry analysts suggest the sanctions could disrupt existing supply chains and force Indian firms to seek alternative markets or restructure their operations. The U.S. has previously targeted a handful of Indian entities for similar reasons, reflecting growing tensions over Iran’s oil exports.