Four India-Based Companies Bear the Brunt of U.S.’ Iran Sanctions
The sanctions target a customs broker and three firms after officials said the companies handled shipments worth up to $69 million.
- 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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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.
The US has imposed sanctions on India-based companies involved in Iran's oil and petrochemical trade, and three Indian citizens have also been targeted.
4 Indian-based companies, 3 individuals sanctioned by US over Iran oil trade
The US has sanctioned four India-based companies and three Indian nationals over alleged Iranian oil and petrochemical trade. The latest sanctions are part of what the US Treasury has described as an "economic onslaught against Iran's financial connections around the globe".
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