Key points
- US imposing sanctions on 20 entities, including companies in India: State Department
- Sanctioned companies’ list include some of India’s major petrochemical traders
- Trump also imposes a 25pc tariff on goods imported from India
ISLAMABAD: The United States has announced sanctions against seven Indian firms for being involved in the trade of Iranian petroleum or petrochemical products, according to India media reports.
AFP cited the US State Department as saying it was imposing sanctions on 20 entities, including companies in India.
“Imposing sanctions”
“The Department of State is imposing sanctions on 20 entities for their involvement in the trade of Iranian petroleum, petroleum products, or petrochemical products and is identifying 10 vessels as blocked property,” media reports cited a US government statement as saying.
BREAKING: The Trump Administration has just sanctioned 7 India-based companies for trading oil with Iran pic.twitter.com/2Y9tzhWQiS
— Shashank Mattoo (@MattooShashank) July 30, 2025
The state department said that the sanctions targeted a terminal operator, vessel management companies, and wholesale buyers that facilitated the export and purchase of Iranian crude oil, petroleum products, and petrochemical products, according to India media reports.
The sanctioned companies’ list include some of India’s major petrochemical traders.
25pc tariff on India
Earlier, US President Donald Trump has imposed a 25 per cent tariff on goods imported from India starting August 1, in addition to a penalty for purchasing Russian weapons and oil.
Trump said that India had tariffs that were “among the highest in the World, and they have the most strenuous and obnoxious non-monetary Trade Barriers of any Country.”
Trump said India will also face an unspecified penalty on August 1, but he did not elaborate on the amount or what it was for.
