US sanctions four Indian companies over Iran oil trade

US sanctions Iran oil trade Indian companies Operation Economic Outcast petrochemical imports

The United States government has imposed strict sanctions on four Indian companies and three Indian citizens for their alleged involvement in illegal oil and petrochemical trade with Iran. This action is part of a new global campaign titled ‘Operation Economic Outcast,’ aimed at cutting off financial resources to Tehran.

The sanctioned companies include Sadashiva Overseas Limited, PP Softtech Private Limited, Prakrutees Infra Impex India Private Limited, and Portease Partners LLP. According to the US Department of State, these entities were involved in transactions totaling approximately $119 million. Specifically, Sadashiva Overseas Limited is accused of importing $69 million worth of Iranian petroleum products between February 2024 and June 2025. PP Softtech and Prakrutees Infra are linked to roughly $25 million each in imports, while Portease Partners LLP is accused of acting as a customs broker to facilitate the movement of petrochemical shipments.

In addition to the corporate entities, the US has targeted three individuals: Indrismiya Ashrafmiya Sheikh and Harish Ramchandra Rangi of Portease Partners LLP, and Prashant Garg, a director at PP Softtech. US Treasury Secretary Scott Bessent described the move as part of a decisive economic effort to isolate Iran's economy.

Entities

India · Iran · Sadashiv Overseas · Sadashiva Overseas Limited · Scott Bessent · United States Department of State · United States Department of the Treasury · United States government

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] PP Softtech and Prakrutees Infra Impex were involved in importing roughly $25 million each in Iranian petroleum products. navbharatlive.com · hindi.newsbytesapp.com · www.prabhatkhabar.com
[● 4 SOURCES] Portease Partners LLP acted as a customs broker to facilitate shipments of Iranian petrochemical products. navbharatlive.com · gujaratmitra.in · hindi.newsbytesapp.com · www.prabhatkhabar.com
[● 3 SOURCES] Sadashiva Overseas Limited imported approximately $69 million worth of Iranian petroleum products between February 2024 and June 2025. navbharatlive.com · hindi.newsbytesapp.com · www.prabhatkhabar.com
[● 2 SOURCES] The US is launching a major economic campaign against Iran. navbharatlive.com · hindi.newsbytesapp.com
[● 4 SOURCES] The sanctions are part of a broader campaign called ‘Operation Economic Outcast’ targeting Iran's revenue sources. gujaratmitra.in · hindi.newsbytesapp.com · hindikhabar.com · www.prabhatkhabar.com
[● 6 SOURCES] The total value of the trade transactions involving these companies is approximately $119 million. navbharatlive.com · gujaratmitra.in · navabharat.com · hindi.newsbytesapp.com · hindikhabar.com · +1 more
[● 4 SOURCES] Three Indian citizens, including Indrismiya Ashrafmiya Sheikh, Harish Ramchandra Rangi, and Prashant Garg, have been sanctioned. navbharatlive.com · gujaratmitra.in · hindi.newsbytesapp.com · www.prabhatkhabar.com
[● 3 SOURCES] Four Indian companies were involved in the illegal import of crude oil and petrochemical products from Iran. navbharatlive.com · navabharat.com · www.prabhatkhabar.com