US Sanctions 4 Indian Firms Over Iran Petroleum Trade

The United States has imposed sanctions on four Indian companies and three Indian nationals for their alleged roles in facilitating trade in Iranian petroleum and petrochemical products, a move officials described as part of a broader campaign to disrupt revenue streams supporting Iran's military activities. The designations, announced on August 25, 2026, target what the State Department called procurement networks and trade channels linked to the Iranian regime.

The sanctions were levied under "Operation Economic Outcast," a U.S. initiative aimed at entities suspected of supporting Iran's military and destabilizing actions. The four Indian firms identified are Portease Partners LLP, Sadashiva Overseas Limited, PP Softtech Private Limited, and Prakrutees Infra Impex India Pvt Ltd. According to the State Department, the companies were involved in the import or facilitation of Iranian-origin products in transactions valued at a combined total of at least $119 million, excluding Portease Partners LLP for which no specific value was provided.

The U.S. Treasury Department detailed the alleged activities of each company. Sadashiva Overseas Limited is accused of importing approximately...