Washington sanctioned two Mumbai-based companies and five Indian nationals, accusing them of facilitating trade in Iranian petroleum products. The measures are part of a U.S. campaign to cut Tehran’s oil revenues.
The State Department named SSPL Solutions Private Limited and Samudra Marine Services Private Limited among companies it said helped import petroleum products from Iran. The individuals sanctioned were Dhwani Vora and Nisarg Vora, who are linked to SSPL Solutions, and Ketan Kochikar, Bhupendrasingh Sahu and Harishyam Hariharan Chundakattil, who are linked to Samudra Marine Services.
The sanctions restrict dealings with the listed parties and their property under U.S. jurisdiction. The State Department said the action covered 10 entities, six people and five vessels. It alleged that participants in the trade channelled millions of dollars to Iran. Those are allegations by the U.S. government, not findings by a court.
Washington authorised a wind-down period for certain transactions involving Samudra Marine Services through Oct. 23. The State Department said the measures were part of Operation Economic Outcast.
Separately, the Treasury Department announced sanctions on 17 entities and associated vessels it described as part of Iran’s shadow fleet. Treasury Secretary Scott Bessent said Washington aimed to restrict Iran’s oil revenues. U.S. officials also said the country had reimposed a blockade of Iranian ports on July 14 after an understanding between Washington and Tehran collapsed.
A Treasury official estimated that about 20 million barrels of Iranian oil remained on vessels outside the blockade. Global oil consumption is about 100 million barrels a day.