Economy
US Imposes Sanctions On Mumbai Firms And Indians Over Iran Oil
The Hindu1h
THE BRIEF
1
The United States sanctioned two Mumbai-based firms, SSPL Solutions and Samudra Marine Services, and five Indian nationals over trade involving Iranian petroleum products.
2
The punitive measures are part of the broader U.S. crackdown against Iran under Operation Economic Outcast to deprive the regime of funds.
3
The U.S. authorized a temporary grace period allowing Samudra Marine Services to execute wind-down transactions until October 23.