The United States has sanctioned four India-based companies over their alleged involvement in Iran-related petroleum and petrochemical trade and procurement networks, according to a release by the US State Department.

Launching an ‘economic onslaught’ on Iran, US Treasury Secretary Scott Bessent said that President Donald Trump is making phone calls to world leaders with specific requests to…

Sanctions targeted Iranian individuals and companies that facilitated the trade of petroleum and petrochemical products with Iran or supported military action against US forces.

The TOI correspondent from Washington: Four India-based companies – and three Indian nationals associated with two of them – have been swept into the Trump administration’s new…