π¨ US sanctions four India firms over Iran imports
The US has sanctioned four India-based companies for importing petroleum and petrochemical products from Iran. This action was announced by US Treasury Secretary Scott Bessent on Monday, August 24, 2026, during a press conference in Washington, D.C. The companies were involved in transactions worth around $69 million and $25 million each. These firms were listed for knowingly engaging in transactions related to Iranian petroleum products. The US is broadening secondary sanctions to cut off Iran's financial lifelines.