US Sanctions 6 Indian Companies Over Iran Trade:
The US Department of State sanctioned 20 global firms, including 6 Indian companies, for engaging in petrochemical trade with Iran.
- The United States imposed sanctions under Executive Order 13846.
- Six Indian companies were identified among the 20 entities globally.
- Reason for Sanctions:
- These firms knowingly engaged in trade of Iranian petrochemical products.\
- The US accuses Iran of using oil revenue to fund terrorist groups, oppress its citizens, and destabilize the Middle East.
- The US policy aims to cut off economic flows to the Iranian regime.
