Brief by Shorts91 Newsdesk / 02:26am on 26 Aug 2026,Wednesday India Global
The United States has sanctioned four India-based companies and three Indian nationals over alleged trade involving Iranian oil and petrochemicals worth about $119 million. The sanctions form part of Washington’s wider campaign to restrict Iran’s international financial and energy networks. According to the US Treasury, Sadashiva Overseas imported around $69 million of Iranian-origin petroleum products between February 2024 and June 2025. PP Softtech and Prakrutees Infra Impex were each accused of importing around $25 million worth. The action comes amid heightened US pressure on countries and businesses maintaining commercial links with Tehran. The sanctions could increase scrutiny of India-based companies involved in Iran-related energy trade and add another layer to India-US economic and diplomatic calculations. (PC: X)
