US sanctions 8 Indian companies, 5 Indian nationals as part of latest action against Iran’s energy trade, shipping network

The Indian Express ^ | 7/31/2025 | Sukalp Sharma

[marcusmaximus]

The US has sanctioned eight India-based companies and five Indian nationals as part of its latest Iran-related sanctions action targeting entities engaged in trade of Iranian oil, petroleum products, and petrochemicals, and those identified as part of a shipping empire controlled by Mohammad Hossein Shamkhani — the son of Ali Shamkhani, a top political advisor to the Supreme Leader of Iran.

In the latest action, announced Wednesday, the US Department of the State imposed sanctions on 20 entities and identified 10 vessels as blocked property. Simultaneously, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated more than 50 individuals and entities and identified more than 50 vessels that are part of Hossein Shamkhani’s network.

Six Indian companies are part of the State Department as well as the OFAC sanctions lists. These include Chennai-based Kanchan Polymers and five Mumbai-based firms—Alchemical Solutions (also known as Chemform Trading), Ramniklal S Gosalia and Company, Jupiter Dye Chem, Global Industrial Chemicals, and Persistent Petrochem. According to the State Department, these companies imported Iranian-origin petrochemicals—which are under US sanctions—worth millions of dollars. Two more Indian companies—Mumbai-based Ensa Ship Management and Surat-based Shreeji Gems—feature in the OFAC’s designations over their alleged connections with Hossein Shamkhani’s network.

[Brian Griffin]

If there is even one person here knows of any of these companies, please indicate that.