Two Mumbai-Based Firms, 5 Indian Nationals Face US Sanctions over Iran Oil Trade

'Operation Economic Outcast': US sanctions two Mumbai firms, five Indians over alleged Iran oil trade

On Thursday, the United States targeted two Mumbai-based companies over their alleged oil trade involvement with Iran. The sanctions affected five Indian nationals connected to SSPL Solutions Private Limited and Samudra Marine Services Private Limited. These measures are part of a broader crackdown on Iran under 'Operation Economic Outcast'. The U.S. government aims to curb Iranian oil revenues fueling military and cyber activities.

US sanctions two Mumbai firms, five Indians over alleged Iran oil trade

The US has sanctioned two Mumbai firms and five Indian nationals over alleged trade in Iranian petroleum products. The action widens Washington's pressure on Iran while giving one firm time to wind down operations.

Two Mumbai-based firms, 5 Indian nationals face US sanctions over Iran oil trade

Two Mumbai-based firms, 5 Indian nationals face US sanctions over Iran oil trade

US Sanctions Mumbai Firms and Indian Nationals Over Alleged Iran Oil Trade

The United States has enacted sanctions against two companies based in Mumbai and five individuals associated with them, following allegations of their involvement in the trade of petroleum products from Iran. This action aligns with the broader objectives of Washington’s Operation Economic Outcast, aimed at limiting Iranian influence in the global oil market. According to […]