US widens Iran sanctions, putting India in the crosshairs
The US government has sanctioned several Indian companies and individuals for allegedly facilitating the import of Iranian petrochemicals and petroleum products. This move is part of a broader 'Operation Economic Outcast' aimed at cutting off Iran's revenue streams.
Why it matters
Highlights the extraterritorial reach of US sanctions and the potential for diplomatic friction between the US and India.
The TOI correspondent from Washington: Four India-based companies – and three Indian nationals associated with two of them – have been swept into the Trump administration’s new economic offensive against Iran, adding a potentially combustible new layer to the already strained US-India relations.The US State Department on Monday named Portease Partners LLP, an India-based customs broker, for facilitating multiple shipments of Iranian petrochemical products into India while sanctioning it. Its designated partners Indrismiya Ashrafmiya Sheikh and Harish Ramachandra Rangi, both Indian nationals, were also sanctioned.The other three Indian targets are Sadashiva Overseas Limited, which Washington says imported about $69 million worth of Iranian-origin petroleum products between February 2024 and June 2025; PP Softtech Private Limited, which allegedly imported about $25 million worth of Iranian petroleum products between January 2024 and June 2025; and Prakrutees Infra Impex India Private Limited, which imported Iranian petroleum products worth about $25 million between May…
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