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The US sanctioned 6 Indian firms under EO 13846 for engaging in Iranian petrochemical trade. Learn the reasons, implications, and impact on India–US ties, plus key facts about Iran's geography and economy. Summary: This blog examines the October 2025 OFAC sanctions targeting Iranian oil trade, which included eight Indian nationals and nine Indian companies on the Specially Designated Nationals list. It analyzes the legal framework behind these sanctions, their practical implications for affected parties, available delisting options, and the broader risks facing Indian businesses engaged in cross-border trade. Introduction On October 9, 2025, the United States’ (‘US’) Department of the ... The United States has imposed sanctions on at least half a dozen Indian companies for allegedly trading with Iranian petroleum and petrochemicals. The US Department of State on Wednesday (July 30) announced sanctions against multiple firms - including several from India. 6 Indian Companies Sanctioned By US Over Iran Petroleum Purchases The US Department of State Wednesday announced sanctions on 20 entities, including six from India, for trading with Iran.
