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The United States has imposed sanctions on an Indian company for buying oil and petrochemical products from Iran. This is the first time and Indian entity has been directly sanctioned by the US and is a statement about relationships going forward. These sanctions targeted Iranian brokers in India, Hong Kong, and UAE. India has made it clear that they are allowed to buy oil from whomever they decide to purchase oil from, regardless of US interests.

US Sanctions Indian Company for Iran Oil Deal

< 1 minute read

The United States has imposed sanctions on an Indian company for buying oil and petrochemical products from Iran. This is the first time and Indian entity has been directly sanctioned by the US and is a statement about relationships going forward. These sanctions targeted Iranian brokers in India, Hong Kong, and UAE. India has made it clear that they are allowed to buy oil from whomever they decide to purchase oil from, regardless of US interests.

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