US sanctions hit four Indian firms, three people over Iran petrochemical trade
Washington's "Operation Economic Outcast" has landed on four India-based companies and three individuals tied to imports of Iranian petrochemicals. The dollar value is modest, about $120 million since 2023, but the signal is not. Washington is now going after the foreign brokers, importers and banks that keep Tehran's economy running, not just Iranian entities, which makes India's residual trade with Iran far costlier to hold.