US slaps sanctions on 4 Indian firms for aiding Iranian oil sales

The United States has imposed sanctions on four Indian companies citing their alleged role in Iran’s petroleum and petrochemical industry. The move, announced by the US department of the treasury on Monday, is part of Washington’s continued pressure campaign against Tehran’s oil trade.
A press release from the treasury’s office of foreign assets control (OFAC), revealed that the US had sanctioned Austinship Management Pvt Ltd, BSM Marine LLP, Cosmos Lines Inc, and Flux Maritime LLP.
These companies have been accused of facilitating the transportation of Iranian petroleum-related products, exposing them to severe restrictions under US law.
This marks the second wave of sanctions targeting Iran’s oil exports since US President Donald Trump issued a national security memorandum on 4 February, instructing authorities to intensify pressure on the middle eastern country.
As part of this crackdown, over 30 individuals and vessels across multiple countries, including the UAE, China, and Hong Kong—have also been sanctioned.
“Iran continues to rely on a shadowy network of vessels, shippers, and brokers to facilitate its oil sales and fund its destabilising activities,” said US treasury secretary Scott Bessent.
“The United States will use all our available tools to target all aspects of Iran’s oil supply chain, and anyone who deals in Iranian oil exposes themselves to significant sanctions risk.”
The US state department has additionally designated eight entities based in India, Iran, Malaysia, Seychelles, and the UAE for their alleged involvement in the trade of Iranian oil. Alongside these measures, eight vessels linked to these entities have been classified as blocked property.
The latest sanctions, issued under executive orders 13902 and 13846, highlight Washington’s determination to reduce Iran’s oil exports to zero.
New Delhi has yet to officially respond to the sanctions, but the move could complicate India’s energy trade policies, especially as it balances strategic ties with both Washington and Tehran.