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Four India-based companies bear the brunt of US’ Iran sanctions

Washington: US has sanctioned four India-based companies for importing petroleum and petrochemical products from Iran, according to a press release by the US State Department. US Treasury Secretary Scott Bessent Monday announced 'Operation Economic Outcast', which essentially involved new sanctions that aim to block all...

Iran warns of response ahead of US sanctions

Dubai: Iran's Foreign Ministry spokesperson warned that Tehran would respond harshly to expanded US sanctions, including measures against countries it sees as cooperating with Washington. "Any escalation of this situation will undoubtedly bring about consequences," Esmail Baghaei said. "Our hands are not tied." The new...

 

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