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United States·India·Iran·Sanctions·Energy

US sanctions two Mumbai firms and five Indian nationals over Iranian oil trade

Friday, 9 October 2026, 06:17 · 1 min read

The US State Department on October 8 sanctioned two Mumbai-based companies, SSPL Solutions and Samudra Marine Services, along with five Indian nationals linked to them, accusing them of helping move Iranian petroleum products. The action is part of a wider US campaign called Operation Economic Outcast, under which Washington also sanctioned other entities and vessels in Iran's so-called shadow fleet (ships used to evade oil sanctions); Samudra Marine Services was given until October 23 to wind down existing transactions. It matters because it shows Washington is targeting buyers and intermediaries in third countries, including India, as it seeks to cut off revenue to Tehran.

Sources
The Hindu — Two Mumbai-based firms, five Indian nationals face U.S. sanctions over Iran oil trade ↗︎
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