Four India-Based Companies Bear the Brunt of U.S.’ Iran Sanctions
The sanctions target 4 firms and expand secondary sanctions risk for companies that keep trading with Tehran, officials said.
- On Monday, the United States sanctioned four India-based companies—Sadashiva Overseas Limited, PP Softtech Private Limited, Prakrutees Infra Impex Private Limited, and Portease Partners LLP—for importing petroleum and petrochemical products from Iran.
- Treasury Secretary Scott Bessent announced 'Operation Economic Outcast' on Monday to block Iranian revenue sources. The State Department designated the companies for 'knowingly engaging in a significant transaction for the purchase, acquisition, sale, transport, or marketing of petroleum or petroleum products from Iran.'
- Sadashiva Overseas imported about $69 million in Iranian-origin petroleum products between February 2024 and June 2025, while PP Softtech and Prakrutees Infra each imported $25 million. US officials also sanctioned firm partners Indrismiya Ashrafmiya Sheikh, Harish Ramchandra Rangi, and PP Softtech director Prashant Garg.
- Iranian Parliament Speaker Mohammad Bagher Ghalibaf dismissed the US pressure campaign, asserting that Washington lacks the economic leverage to restrict Iran's international ties with other countries.
- These measures expand the risk of secondary sanctions for countries and businesses engaging in commercial activities with Tehran. The United States maintains such sales fund global terrorism, including attacks against American forces and illicit weapons procurement.
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33 Articles
Indian exporters fear US sanctions on Iran could weaken trade
US Treasury Secretary Scott Bessent on Monday, August 24, warned countries and businesses that they could face US sanctions if they continue maintaining economic ties with Tehran. Terming it “Operation Economic Outcast,” the US unveiled a fresh wave of sanctions on Iran, stating the goal is to cut every single economic lifeline supporting the Iranian government until it stands alone. Bessent claimed that US President Donald Trump was calling up …
Which India-Based Companies and Indians Were Sanctioned by the US Over Iran Trade? | 📰 LatestLY
The US sanctioned four India-based companies and three individuals for trading Iranian petroleum under 'Operation Economic Outcas', a campaign led by Treasury Secretary Scott Bessent to block Tehran's revenue sources. The initiative aims to systematically dismantle and sever Iran's financial lifelines around the globe. 📰 Which India-Based Companies and Indians Were Sanctioned by the US Over Iran Trade?.
US sanctions four India-linked companies over Iran oil trade in Trump's bid to isolate Tehran
The US has sanctioned four India-based companies -- Portease Partners LLP, Sadashiva Overseas Limited, PP Softtech Private Limited and Prakrutees Infra Impex Private Limited, along with several Indian nationals, for facilitating or importing Iranian petroleum and petrochemical products.
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