The United States has imposed sanctions on two India-based companies and two individuals as part of its latest effort to disrupt what it describes as shipping and financial networks involved in Iran&rsquo;s illicit petroleum trade.
In the action announced on Thursday, the State Department designated 17 entities, individuals and vessels across multiple countries, including India, Panama and Seychelles, which it says facilitate the sale and shipment of Iranian petroleum products. 
The Treasury Department separately designated 41 additional entities, individuals, vessels and aircraft it alleges are tied to Iran&rsquo;s petroleum and petrochemical exports.
Among the entities targeted is TR6 Petro India LLP (TR6 Petro), an India-based petroleum products trader. 
According to the US government, the firm imported more than $8 million worth of Iranian-origin bitumen between October 2024 and June 2025 from several suppliers. 
Officials allege the company participated in networks that helped Iran move petroleum products in violation of US sanctions.
US authorities claim such networks generate revenue that Tehran uses to support Iran-backed groups and procure weapons systems, allegations Iran has consistently denied.
The latest measures follow a series of sanctions in recent months against companies accused of helping to obscure the origin of Iranian petroleum or facilitating payments for shipments routed through intermediaries in Asia. 
In October, the Treasury Department targeted several India-based logistics and trading firms for alleged involvement in similar activities.
On November 12, Washington imposed sanctions on 32 individuals and entities, including in India, citing their purported support for Iran&rsquo;s missile and UAV programmes.
&ldquo;The United States remains committed to disrupting the illicit funding streams that finance all aspects of Iran&rsquo;s malign activities. As long as Iran devotes revenue to funding attacks against the United States and our allies, supporting terrorism around the world, and pursuing other destabilising actions, we will use all the tools at our disposal to hold the regime accountable,&rdquo; the State Department said in a statement.
&mdash;IANS

The US Department of State said the entities were being sanctioned as they were helping Iran to generate funds for its nuclear programme

US targets India-based firms, expands crackdown on networks tied to Iran’s petroleum trade

US Sanctions Hit India-Based Iran Oil Networks

US targets India-based firms, expands crackdown on networks tied to Iran’s petroleum trade

November 21, 2025 | 16:21 IST