US sanctions four India-linked companies over Iran oil trade in Trump’s bid to isolate Tehran
The United States has sanctioned four India-based companies for importing petroleum and petrochemical products from Iran, according to a US State Department press release. US Treasury Secretary Scott Bessent on Monday announced โOperation Economic Outcastโ, a new sanctions campaign aimed at blocking potential sources of revenue for Iran. The US has also urged countries to cut economic ties with Tehran, warning that those continuing to do business with Iran could face retaliation. Bessent described the move as an unprecedented campaign to sever Iranโs financial lifelines. The latest measures expand the risk of secondary sanctions on countries, businesses and organisations that…