New York : The Donald Trump administration has imposed sanctions on four India-based companies for their involvement in Iranian oil and petrochemical transactions worth approximately USD 119 million, intensifying Washington’s efforts to cut off Tehran’s international revenue sources. The sanctions, announced as part of the Operation Economic Outcast initiative, also targeted three Indian nationals.
According to the US Treasury, India-based Sadashiva Overseas Limited imported about USD 69 million worth of Iranian-origin petroleum products between February 2024 and June 2025. Some of those shipments were linked to Bonjoure Commodity FZE, a company previously designated by Washington. PP Softtech Private Limited and Prakrutees Infra Impex India Private Limited were each accused of importing about USD 25 million worth of Iranian-origin petroleum products, taking the value of imports cited by the US across the three companies to about USD 119 million.
US Treasury Secretary Scott Bessent said the latest measures would “tighten the noose” around the Iranian government, while describing the campaign as “economic D-Day”. Washington has warned that economic engagement “of any kind” with Iran could trigger penalties as the administration seeks to isolate Tehran financially. The latest sanctions come despite a fragile ceasefire between the US and Iran, with no lasting settlement yet in place. Tehran has rejected the US pressure campaign. Iran’s Foreign Ministry called the latest sanctions a threat to international law and the UN charter.
Iranian Parliament Speaker Mohammad Baqer Ghalibaf also dismissed Washington’s threats against countries trading with Tehran as “big talk”. “Iran’s trade partners have also announced to us, both through the media and by sending messages, that they regard these statements as utterly meaningless,” he said. Ghalibaf said the US was paying an economic price for its campaign against Iran and warned that sanctions would not force Tehran’s trading partners to cut ties.
The shift from direct military confrontation to economic pressure in the US-Israeli conflict with Iran has eased some concerns in the oil market, news agency Reuters reported, citing Ole Hansen, head of commodity strategy at Saxo Bank. He said Washington’s latest sanctions package was less aggressive than some traders had anticipated. The renewed focus on economic measures has also raised hopes that the US and Iran could return to negotiations to end the conflict, oil trading adviser Ritterbusch and Associates said.
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