US takes major action regarding Iran’s oil trade, sanctions 4 Indian companies and 3 individuals

August 26, 2026

United States: The US has imposed sanctions on four Indian companies for their alleged role in the trade of petroleum and petrochemical products linked to Iran. This action is part of US policy to increase pressure on Iran’s oil revenue.

Sanctions imposed on these companies

Portease Partners LLP, Sadashiva Overseas Limited, PP Softtech Private Limited, and Prakrutees Infra Impex India Private Limited are included in the scope of the US action. According to US officials, these companies have alleged involvement in the trade of Iranian petroleum and petrochemical products.

3 Indian citizens also on the list

In addition to the companies, the US has also imposed sanctions on three Indian citizens allegedly involved in this trade. This action is part of a broader campaign to increase pressure on Iran’s oil trade and its associated financial networks.

US Intensifies Pressure on Iran

The US is continuously taking action against companies and individuals accused of supporting Iran’s energy business. The latest sanctions are aimed at limiting Iran’s access to international markets and financial networks.