US sanctions four India-based companies over Iranian petroleum trade
- The US on Monday sanctioned four India-based companies over Iranian petroleum trade under a new campaign.
- Sadashiva Overseas allegedly imported $69 million of Iranian-origin petroleum products since February 2024.
- Customs broker Portease Partners and two Indian partners were named for aiding Iranian petrochemical imports.
- Treasury Secretary Bessent warned entities laundering money for Iran would lose access to the US dollar system.
Source: economictimes.indiatimes.com
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