Iran oil trade: US hits Indian, UAE and Turkish companies with sanctions

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By Sumayya

DUBAI: The United States has placed blocks on 10 groups, six populations and five ships over trade in Iranian-origin oil, oil items and chemical products, the US State Department expressed on Thursday.

The step targets firms and populations linked to India, the United Arab Emirates, Turkiye, Iran and the United Kingdom.

Five Indian citizens were amidst those blocked. Dhwani Nisarg Vora and Nisarg Samir Vora, heads of India-based SSPL Solutions, were focused on over the firm’s buys of near $2 million worth of Iranian chemical items between February and July 2025, according to the State Department.

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Three alternate Indian citizens — Ketan Manohar Kochikar, Bhupendrasingh Dhalsingh Sahu and Harishyam Hariharan Chundakatt il — remain heads of Samudra Marine Services, an Indian trading middleman that the US states helped imports of Iranian chemical items.

The US likewise blocked Turkiye-based Noorzad Petrokimya and its head and chief leader, Said Ahmad Noorzad. Washington expressed the firm bought near $3.8 million worth of Iranian-origin chemical items between January and July 2024.

In the UAE, ArabianPro Materials FZCO stood blocked over the sale of near $2 million worth of Iranian-origin chemical items between February and July 2025.

The State Department likewise focused on UAE-based Horizon Ship Management FZE and Hessonite Ship Management LLC, claiming that the firms managed ships that moved Iranian oil and oil items.

The steps remain part of President Donald Trump’s “Operation Economic Outcast”, which Washington says remains targeted at breaking up webs that assist Iran sell oil and chemical items and build income.