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US Imposes Sanctions on Two Mumbai Firms and Five Indians Over Iran Oil Trade
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News18•09-10-2026, 01:00
US Imposes Sanctions on Two Mumbai Firms and Five Indians Over Iran Oil Trade
- •The US Department of State has sanctioned two Mumbai-based firms, SSPL Solutions Private Limited and Samudra Marine Services Private Limited, for facilitating Iranian petroleum imports.
- •Five Indian nationals linked to these firms have also been targeted and blocked from conducting related transactions as part of Operation Economic Outcast.
- •The targeted entities and individuals are accused of channeling millions of dollars to the Iranian regime, boosting its critical revenue streams.
- •The US Treasury Department simultaneously sanctioned 17 entities and shadow fleet vessels to further restrict funds for Tehran.
- •A temporary grace period until October 23 was authorized for Samudra Marine Services to wind down existing transactions safely.
Key Questions Answered
The US Department of State targeted SSPL Solutions Private Limited and Samudra Marine Services Private Limited, along with five associated Indian nationals including Dhwani Vora, Nisarg Vora, Ketan Kochikar, Bhupendrasingh Sahu, and Harishyam Hariharan Chundakattil.
Operation Economic Outcast is part of a US crackdown targeting entities, individuals, and vessels involved in trading Iranian-origin petroleum and petrochemical products to deprive the Iranian regime of critical revenue streams.
The United States authorized wind-down transactions for Samudra Marine Services until October 23, providing a temporary grace period to safely finish existing business and exit operations.
