WASHINGTON: The United States imposed sanctions on two India-based companies and two individuals as part of what Washington describes as a broader effort to disrupt shipping and financial networks that it alleges are involved in Iran’s illicit petroleum trade.
In the latest action, the State Department on Thursday, designated 17 entities, individuals and vessels across several countries, including India, Panama and Seychelles, that US officials say facilitate the sale and shipment of Iranian oil and petroleum products. The Treasury Department separately designated 41 additional entities, individuals, vessels and aircraft that it claims are tied to Iran’s petroleum and petrochemical exports.
Among those targeted is TR6 Petro India LLP (TR6 Petro), an India-based petroleum products trader. According to the US government, TR6 Petro imported more than $8 million worth of Iranian-origin bitumen between October 2024 and June 2025 from several suppliers. The United States alleges that the company participated in networks that helped Iran move petroleum products in violation of US sanctions.