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Over 50 entities, including 8 Indian nationals and multiple India-based firms, face US sanctions for aiding Iran’s oil and LPG trade. The move aims to disrupt revenue networks fueling Iran’s suspicious activities, impacting global trade dynamics.
Indian companies under US sanctions
New Delhi: The US has imposed stringent sanctions on more than 50 companies, ships, and individuals found involved in oil and LPG (liquefied petroleum gas) trade with Iran.
They are accused of financially supporting the suspicious and illegal activities of the Iranian government. The action is aimed at disrupting economic networks that fund Iran's "malign activities."
The names of eight Indian citizens and many India-based companies are also included in this list of US sanctions. All of them have been included in America's Specially Designated Nationals (SDN) and Blocked Persons List.
US citizens cannot do business with any person or entity included in this list, and they are also banned from entering the US.
Following are some of the prominent names included in this ban:
Neeti Umesh Bhatt and his company Indisol Marketing Pvt. Ltd. – He is accused of doing business with Iran.
Piyush Maganlal Javia and his company Chemovic Pvt. Ltd.—hisname is also included in the banned list.
Kamala Kanayalal Kasat, Kunal Kanayalal Kasat, and Poonam Kunal Kasat—all three are named after their company, Haresh Petrochem Pvt. Ltd. Is included with.
US President Donald Trump (Source: Internet)
This company imported Iranian petrochemicals worth about $10 million between January 2024 and February 2025.
Action was also taken against Varun Pula and the shipping company.
Varun Pulla, founder of Bertha Shipping Inc. (Marshall Islands), has also been banned.
About 4 million barrels of Iranian LPG were transported by his company to China from July 2024 through a ship named Pamir (which is under the flag of Cameroon).
America says that all these institutions and individuals are helping the Iranian government to raise revenue despite international sanctions. This not only threatens regional security but is also a violation of global trade rules.
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Therefore, America has taken this strict step to break these networks. This action warns traders and companies of many countries, including India, that if they do business with the banned countries, they may also have to face economic and legal difficulties on the global stage.
In the coming time, the impact of this step can also be seen on India-Iran trade relations and the international image of Indian companies.
