US Slams Brakes on Iranian Oil Trades, Hits Indian Firm with Sanctions

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The US has imposed sanctions on 17 entities, including an Indian-based petroleum trader, for their alleged involvement in illicit oil trades with Iran. TR6 Petro India LLP, a firm based in India, is among those targeted for importing over $8 million worth of Iranian bitumen between October 2024 and June 2025. The US Department of State accused Iran of using revenue from oil sales to fund its nuclear program and support terrorist groups. The sanctions aim to disrupt Iran's ability to sell oil through third-party service providers. This latest move marks a significant escalation in the US's efforts to curb Iran's oil exports. The US Treasury Department also imposed sanctions on 41 additional entities, individuals, and vessels, bringing the total number of entities targeted to 58. The US has long been critical of Iran's nuclear program and its alleged support for terrorist groups. The sanctions are part of a broader effort to isolate Iran and restrict its access to global markets. Iran's main oil authorities, including the Ministry of Petroleum and the National Iranian Oil Company, have already been under US sanctions. However, the country has continued to find ways to sell oil through third-party service providers. The US has vowed to continue taking action against entities involved in the transport of Iranian crude oil and petroleum products. The sanctions are a clear indication of the US's commitment to restricting Iran's oil exports and disrupting its nuclear program.