Six Indian companies are under the radar of the US Department of State. Their fault? They "engage in Iranian petroleum, petroleum products, or petrochemical trade". This reportedly violates American sanctions under Executive Order 13846. The US claims that the Iranian regime uses revenue to fuel conflict in the Middle East, fund terrorism, and oppress its people.

In a statement, the US Department of State spokesperson said, "The Iranian regime continues to fuel conflict in the Middle East to fund its destabilising activities.  Today, the United States is taking action to stem the flow of revenue that the regime uses to support terrorism abroad, as well as to oppress its own people."

The US Department of State Wednesday announced sanctions on 20 entities, including six from India, for trading with Iran.

6 Indian Companies Sanctioned By US

Alchemical Solutions Private Limited (Alchemical Solutions) faces the largest allegations, accused of importing and purchasing Iranian-origin petrochemical products worth over $84 million from multiple companies between January and December 2024.

Global Industrial Chemicals Limited (Global Industrial) is second on the list, accused of importing and purchasing Iranian products, including methanol, worth over $51 million between July 2024 and January 2025.