Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
US sanctions 9 Indian firms, 8 nationals
Financial Express Kochi
|October 11, 2025
CREATING ECONOMIC PRESSURE
AS PART OF its campaign of maximum economic pressure on Iran, the US has sanctioned nine India-based companies and eight Indian nationals as part of its latest Iran-related sanctions action, alleging that they have been engaged in trade of Iranian oil, petroleum products, and petrochemicals.
In the latest action, announced Thursday, the US Department of State imposed sanctions on nearly 40 individuals, entities, and vessels over their involvement in the trade of Iranian petroleum and petrochemical products. Simultaneously, the US Department of the Treasury's Office of Foreign Assets Control (OFAC) designated 60 individuals, entities, and vessels for their roles in facilitating the shipment of oil and liquefied petroleum gas (LPG) from Iran to overseas end users. Various entities from some other countries have also been sanctioned, including China and the United Arab Emirates.
This story is from the October 11, 2025 edition of Financial Express Kochi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Kochi
Financial Express Kochi
Record 91.7% turnout in Bengal final round
BJP has edge in Bengal, Assam; UDF in Kerala; Stalin return projected
2 mins
April 30, 2026
Financial Express Kochi
Force Motors posts 51% rise in FY26 net profit
FORCE MOTORS REPORTED a 13% year-on-year increase in standalone revenue to 9,167 crore in FY26, while profit before tax rose 55% to ₹1,304 crore and net profit grew 51% to ₹1,211 crore, marking its strongest full-year performance to date.
1 min
April 30, 2026
Financial Express Kochi
DII buying slows in April
In March, they invested a record ₹1.43 lakh crore
2 mins
April 30, 2026
Financial Express Kochi
AI wave a bubble, unlikely to sustain, says Ruchir Sharma
HE ADDED,...IN fact, among the financial world, we are being called the anti-Al play...the moment this AI bubble ends, then we are hoping we will get some attention again.”
1 mins
April 30, 2026
Financial Express Kochi
IOB FY26 profit tops ₹5,000 cr
Lender reports 43% rise in March quarter net profit
1 min
April 30, 2026
Financial Express Kochi
EU eases energy subsidy rules
FOR FIRMS HIT BY IRAN WAR FUEL, FERTILISER PRICE SPIKES
1 min
April 30, 2026
Financial Express Kochi
Russia stays in OPEC+ after UAE exit
RUSSIA PLANS TO stay in OPEC+ despite a decision by the UAE to leave, the Kremlin said on Wednesday, expressing hope that the alliance of oil producers would continue to operate amid turmoil in the global energy market.
1 min
April 30, 2026
Financial Express Kochi
Meta bets on space solar for AI growth
BIG TECH'S INSATIABLE energy demands to run AI infrastructure like data centres have led to a wave of long-term supply deals and partnerships, as tech companies seem to race to secure power from every possible source.
1 mins
April 30, 2026
Financial Express Kochi
‘NCDEX sets sights on equities, MFs and global exchange’
With a deep rural distribution network and nearly ₹800 crore of fresh capital, the newest stock exchange, NCDEX, is gearing up to enter equities, mutual funds and niche non-agri products, while strengthening its core commodities franchise.
3 mins
April 30, 2026
Financial Express Kochi
Govt working on Jan Vishwas 3.0: Goyal
• New Bill to focus on reducing compliances
1 mins
April 30, 2026
Listen
Translate
Change font size