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Why has the US hit an India-based company with Iran-related sanctions?

Summary by Indian Express
India-based petrochemical company Tibalaji Petrochem Private Limited has purchased millions of dollars’ worth of Triliance-brokered petrochemical products, including methanol and base oil, for onward shipment to China, says the Department of the Treasury statement

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Indian Express broke the news in India on Saturday, October 1, 2022.
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