US Sanctions At Least Six Indian Firms For Purchasing And Marketing Iranian Oil

Last Updated:July 31, 2025, 07:51 IST

The Indian firms are among a broader list that includes businesses operating across the petroleum supply chain, including brokers, shipping companies

A total of 20 companies have been blocked in the recent move. (Representational Image)

The United States has sanctioned at least six Indian companies for allegedly engaging in the trade of Iranian petroleum and petrochemical products, as part of a sweeping action against 20 global entities. The move is part of Washington’s ongoing effort to tighten economic pressure on Tehran.

The US Department of State announced the sanctions on Wednesday, alleging that the Indian companies knowingly conducted “significant transactions" involving the purchase and marketing of Iranian petroleum products—actions deemed to be in violation of US sanctions on Iran.

In a statement issued by the State Department, the US said the Iranian regime “continues to fuel conflict in the Middle East to fund its destabilizing activities." It added, “Today, the United States is taking action to stem the flow of revenue that the regime uses to support terrorism abroad, as well as to oppress its own people."

The 20 targeted entities, along with 10 vessels identified as blocked property, are being sanctioned under Executive Order 13846. The order reimposes a range of sanctions against Iran in connection with its energy sector, following the US withdrawal from the 2015 nuclear agreement.

The Indian companies named in the sanctions include Kanchan Polymers, Alchemical Solutions Pvt. Ltd., Ramniklal S. Gosalia and Company, Jupiter Dye Chem Pvt. Ltd., Global Industrial Chemicals Ltd., and Persistent Petrochem Pvt. Ltd.

The Indian firms are among a broader list that includes businesses operating across the petroleum supply chain, including brokers, shipping companies, and intermediaries accused of facilitating Iranian oil sales.

Siddhant Mishra

Siddhant Mishra is a Senior Special Correspondent at CNN-News18, covering foreign affairs and international relations. With over 12 years of experience in journalism, he has also reported extensively on crime, ...Read More

Siddhant Mishra is a Senior Special Correspondent at CNN-News18, covering foreign affairs and international relations. With over 12 years of experience in journalism, he has also reported extensively on crime, ...

Read More

Location :

First Published:

News india US Sanctions At Least Six Indian Firms For Purchasing And Marketing Iranian Oil

Read More