New Delhi: The Trump administration has imposed fresh sanctions on several India-linked individuals and companies accused of participating in illicit trade of Iranian petroleum and petroleum products. Washington said that revenue generated from these transactions finances Tehran’s terrorist proxies and helps Iran procure weapons systems that pose a “direct threat” to the United States and its allies.
In a coordinated action, the US Departments of State and Treasury targeted shipping networks, airlines, and commercial entities allegedly involved in transporting and funding Iran’s oil sales. These networks, officials said, continue to funnel money into Iran’s regional destabilisation campaign.
Among those newly listed by the Treasury Department’s Office of Foreign Assets Control are Indian nationals Zair Husain Iqbal Husain Sayed, Zulfikar Hussain Rizvi Sayed, Maharashtra-based RN Ship Management Private Limited, and Pune-based TR6 Petro India LLP.
The State Department has designated 17 entities, individuals, and vessels across India, Panama, Seychelles, and other countries for their alleged involvement in the sale and shipment of Iranian petroleum. Simultaneously, the Treasury has sanctioned 41 individuals, entities, vessels, and aircraft, intensifying pressure on Iran’s petroleum and petrochemical sector.
According to the State Department, India-based TR6 Petro imported over USD 8 million worth of Iranian-origin bitumen between October 2024 and June 2025. The firm is being penalised for knowingly engaging in significant transactions involving Iranian oil—an activity prohibited under US sanctions.
US officials said Iran continues to use revenue from illicit oil sales to support nuclear escalation, arm militant groups, and disrupt international trade routes crucial to the global economy. The administration reiterated that it will keep acting against “dark fleet” operators, maritime service networks, and oil traders assisting Iran.
The measures fall under National Security Presidential Memorandum 2 (NSPM-2), which mandates maximum pressure on Tehran to cut off funding for activities Washington calls destabilising and hostile.
The State Department said the US remains committed to blocking financial flows that enable terrorism and threaten American forces. “As long as Iran uses revenue to fund attacks against the United States and our allies, support terrorism, and pursue destabilising actions, we will use every tool available to hold the regime accountable,” the statement said.
