MARKET STRUCTURE · INDIA

U.S. sanctions firms, Indians involved in Iran’s oil trade

The Hindu 22 Nov 2025 · 3:00 AM
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The U.S. has sanctioned Indian firms and individuals involved in Iran's oil trade, citing support for terrorism. This action aims to disrupt funding for Iran's malign activities.
U.S. sanctions firms, Indians involved in Iran’s oil trade
Why it matters
The U.S. has sanctioned multiple Indian firms and individuals for their involvement in the sale of Iranian petroleum products. This action is part of a broader strategy to counter Iran's funding of terrorism and its military capabilities. The sanctioned entities include Zair Husain Iqbal Husain Sayed, Zulfikar Hussain Rizvi Sayed, and two companies, RN Ship Management Private Limited and TR6 Petro India LLP. The U.S. State Department stated that the funds from these oil sales support Iran's regional proxies and contribute to its nuclear ambitions. The sanctions are intended to disrupt the financial networks that enable Iran's destabilizing activities in the Middle East. The U.S. remains committed to using all available tools to hold Iran accountable for its actions.
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