The US levied sanctions in opposition to a number of Indian companies, accused of partaking in petroleum and petrochemical commerce with Iran, as half of a bigger enforcement focusing on 20 world entities.The US State Division, on Wednesday, unveiled the sanctions in opposition to 6 India-based firms, claiming these corporations intentionally participated in “vital transactions” involving the acquisition and sale of Iranian petroleum merchandise, breaching American restrictions on Iran.Among the many sanctioned Indian enterprises are distinguished petrochemical merchants. The heaviest accusations fell on Alchemical Options Non-public Restricted, which allegedly imported Iranian petrochemical items valued above $84 million throughout January-December 2024.World Industrial Chemical compounds Restricted reportedly acquired Iranian petrochemicals, together with methanol, value over $51 million from July 2024 to January 2025. Jupiter Dye Chem Non-public Restricted’s imports of Iranian merchandise, together with toluene, totalled greater than $49 million on this interval. Ramniklal S Gosalia and Firm allegedly procured Iranian petrochemicals valued above $22 million, comprising methanol and toluene, as said by the US Justice Division in a press launch.US Data additional declare Persistent Petrochem Non-public Restricted imported Iranian petrochemicals, primarily methanol, value roughly $14 million between October and December 2024 whereas Kanchan Polymers allegedly obtained Iranian polyethene merchandise valued at over $1.3 million.The sanctions freeze all US-based belongings of those corporations or these managed by US individuals. American entities are barred from enterprise dealings with the sanctioned organisations. The restrictions prolong to any entity with 50 per cent or better possession by the sanctioned firms.These measures align with the US’s ongoing “most strain” technique in opposition to Iran, specializing in the nation’s covert vessel community and intermediaries facilitating world Iranian oil and petrochemical distribution. American officers allege that Iran utilises income from these exports to assist what they time period “destabilising actions” within the Center East and terrorist organisations.India’s historic commerce relations with Iran have endured, though Iranian oil imports have decreased considerably since 2019 following earlier US sanctions.Sanctioned firms could attraction for elimination from the US Treasury’s Specifically Designated Nationals listing, in keeping with ANI. The US administration said that sanctions goal to “deliver a couple of optimistic change in behaviour”.Additionally learn: What do Donald Trump’s 25% tariffs on India imply? What occurs in the event that they keepOrganisations searching for to problem their designation could submit appeals to the Treasury Division’s Workplace of Overseas Belongings Management, in keeping with official documentation from the US State Division.Along with the sanctions in opposition to the above Indian-based firms, one different agency with Indian connection was additionally sanctioned. Tanais Method Normal Buying and selling LLC is among the many sanctioned which is claimed to have exported shipments of Iranian-origin polyethylene to India-based Kanchan Polymers.The enforcement motion additionally encompasses corporations in Turkey, the UAE, China, and Indonesia, which US officers establish as a part of a worldwide community enabling Iranian oil and petrochemical commerce.Learn extra: US, Pakistan strike ‘huge reserves’ deal; Donald Trump hints at future exportsThis comes quickly after Trump introduced imposition of 25% tariffs on India and additional penalties for his or her commerce with Russia, efficient August 1.Additionally learn: Donald Trump publicizes 25% tariffs- The place does that depart India-US commerce deal talks? What to anticipate