DUBAI: The United States has announced new sanctions on 10 entities, six individuals and five vessels accused of trading in Iranian petroleum, petroleum products and petrochemicals. The US State Department made the announcement on Thursday.
The latest round of US sanctions on Iran covers companies and individuals connected to India, the United Arab Emirates, Türkiye, Iran and the United Kingdom.
Indian Nationals and Firms Named
Five Indian nationals appear on the list. Dhwani Nisarg Vora and Nisarg Samir Vora, directors of India-based SSPL Solutions, were sanctioned because of the company’s imports of roughly $2 million worth of Iranian petrochemical products. The State Department said those imports took place between February and July 2025.
Three more Indian nationals were also named: Ketan Manohar Kochikar, Bhupendrasingh Dhalsingh Sahu and Harishyam Hariharan Chundakatt il. They serve as directors of Samudra Marine Services, an Indian customs broker. Washington says the firm helped facilitate imports of Iranian petrochemical products.
Türkiye and UAE Companies Targeted
In Türkiye, the US sanctioned Noorzad Petrokimya, along with its director and chief executive, Said Ahmad Noorzad. According to Washington, the company bought about $3.8 million worth of Iranian-origin petrochemical products between January and July 2024.
In the UAE, ArabianPro Materials FZCO was penalised for exporting around $2 million worth of Iranian-origin petrochemical goods. The State Department put that activity between February and July 2025.
The department also went after two UAE-based ship management firms, Horizon Ship Management FZE and Hessonite Ship Management LLC. It alleges that both managed vessels used to carry Iranian petroleum and petroleum products.
Part of Operation Economic Outcast
The measures fall under President Donald Trump’s “Operation Economic Outcast”. Washington says the campaign is meant to break up the networks that help Iran sell oil and petrochemicals and earn revenue from them.