US sanctions Indian firms, individuals as Iran oil crackdown widens

The United States on Thursday imposed sanctions on two Mumbai-based companies and five Indian nationals over their alleged involvement in the trade of petroleum products from Iran, as Washington stepped up its economic pressure on Tehran. The US department of state targeted SSPL Solutions Private Limited and Samudra Marine Services Private Limited for allegedly facilitating the import of petroleum products from Iran.

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'. government aims to curb Iranian oil revenues fueling military and cyber activities.

Summarised by Agaah from Times of India Business. Agaah aggregates 36 sources and removes duplicate coverage — all news, one place.