US Sanctions Four Indian Firms and Three Citizens for Alleged Iran Oil Trade

The US Treasury Department has imposed sanctions on four Indian companies and three citizens for allegedly engaging in Iran's oil and petrochemical trade. The sanctions were announced on August 26 as part of Washington's ongoing economic pressure campaign to cut Iran off from global financial networks.

The US alleges that Sadashiva Overseas Limited imported approximately $69 million worth of Iranian petroleum products between February 2024 and June 2025, some of which were linked to Bonjur Commodity FZE, an entity already on the US sanctions list. Additionally, PP Softech Private Limited and Prakritees Infra Impex India Private Limited are accused of each importing about $25 million worth of Iranian petroleum products.

The fourth sanctioned company is Portiz Partners LLP, which is a customs broker based in India. The firm is accused of facilitating multiple shipments of Iranian petrochemical products into the country.