US Slaps Sanctions on Indian and Iranian Companies

Published on 7.31.25

The US has sanctioned six Indian companies for allegedly importing Iranian petrochemicals, freezing their assets and blocking access to dollar-based transactions. The sanctions aim to curb Iran's oil sales, with exports declining to 1.2 million barrels per day due to previous US sanctions. The targeted companies include Alchemical Solutions Pvt Ltd, Global Industrial Chemicals Ltd, Jupiter Dye Chem Pvt Ltd, Ramniklal S Gosalia & Company, Persistent Petrochem Pvt Ltd, and Kanchan Polymers, which have been accused of importing millions of dollars worth of Iranian products between 2024 and 2025.

References

https://www.ndtv.com/world-news/iran-accuses-us-of-using-sanctions-as-tools-to-dictate-its-will-on-countries-8994037

https://www.firstpost.com/world/us-weaponising-economy-tehran-slams-trumps-sanction-move-to-dictate-his-will-on-iran-india-13916458.html

https://en.tempo.co/read/2034719/us-imposes-largest-sanctions-on-iran-linked-shipping-empire

https://www.thehindu.com/news/international/us-sanctions-indian-nationals-and-firms-in-global-crackdown-on-irans-oil-network/article69876817.ece

https://www.ndtv.com/world-news/canada-joins-uk-france-to-recognise-palestinian-state-what-this-means-8989047

https://www.asiaone.com/world/us-hits-iranian-shipping-network-major-new-sanctions

https://indiatoday.in/business/story/6-indian-firms-sanctioned-by-us-all-you-need-to-know-2764015-2025-07-31

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