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US sanctions four Indian firms and three citizens over Iran oil trade
The United States has imposed sanctions on four India-based companies and three Indian nationals for their alleged involvement in the trade of Iranian petroleum and petrochemical products. This action is part of a new strategic campaign titled ‘Operation Economic Outcast’, aimed at cutting off revenue streams that support the Iranian government.
The sanctioned entities include Sadashiva Overseas Limited, PP Softtech Private Limited, Prakrutees Infra Impex India Private Limited, and the customs broker Portease Partners LLP. The US State Department alleges these companies participated in transactions totaling approximately $119 million. Specifically, Sadashiva Overseas is accused of importing $69 million in products, while PP Softtech and Prakrutees Infra are linked to imports valued at roughly $25 million each.
In addition to the corporate entities, the US has targeted three individuals: Indrismiya Ashrafmiya Shekh and Harish Ramchandra Rangi, both partners of Portease Partners, and Prashant Garg, a director at PP Softtech. The broader Treasury action also includes approximately 60 other individuals, entities, and vessels to further pressure Iran’s economic and financial networks.
Entities
India · Iran · Portease Partners LLP · 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.
- [● 6 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 · madhyamamonline.com · navabharat.com · +1 more
- [● 7 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 · madhyamamonline.com · +2 more
- [● 7 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 · madhyamamonline.com · gujaratmitra.in · +2 more
- [● 2 SOURCES] The US is launching a major economic campaign against Iran. navbharatlive.com · hindi.newsbytesapp.com
- [● 6 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 · navbharatlive.com · +1 more
- [● 7 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 · +2 more
- [● 6 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 · madhyamamonline.com · +1 more
- [● 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
- [● 3 SOURCES] The US Treasury action targeted approximately 60 individuals, entities, and vessels. madhyamamonline.com · hindi.newsbytesapp.com · www.prabhatkhabar.com