1 min readAug 26, 2026 08:23 AM ISTUS President Donald TrumpThe US has sanctioned four India-based companies for importing The US has sanctioned four India-based companies over their alleged involvement in importing or facilitating Iranian petroleum and petrochemical products from Iran, according to a press release by the US State Department.US Treasury Secretary Scott Bessent announced ‘Operation Economic Outcast’ on Monday (Aug 26), aimed at imposing new sanctions to block all potential sources of revenue for Iran.The four “India-based companies” include Portease Partners LLP and its partners Indrismiya Asharafsmiya Shekh and Harish Ramchandra Rangi. They facilitated the import of multiple shipments of Iranian petrochemical products to India, the State Department said in the release on Monday (Aug 24).© IE Online Media Services Pvt LtdThe Express Global Desk at indianexpress.com which delivers authoritative, verified, and context-driven coverage of key international developments shaping global politics, policy, and migration trends. The desk focuses on stories with direct relevance for Indian and global audiences, combining breaking news with in-depth explainers and analysis. A major focus area of the desk is US immigration and visa policy, including developments related to student visas, work permits, permanent residency pathways, executive actions, and court rulings. The Global Desk also closely tracks Canada’s immigration, visa, and study policies, covering changes to study permits, post-study work options, permanent residence programmes, and regulatory updates affecting migrants and international students. All reporting from the Global Desk adheres to The Indian Express’ editorial standards, relying on official data, government notifications, court documents, and on-record sources. The desk prioritises clarity, accuracy, and accountability, ensuring readers can navigate complex global systems with confidence. Core Team The Express Global Desk is led by a team of experienced journalists and editors with deep expertise in international affairs and migration policy: Aniruddha Dhar – Senior Assistant Editor with extensive experience in global affairs, international politics, and editorial leadership. Nischai Vats – Deputy Copy Editor specialising in US politics, US visa and immigration policy, and policy-driven international coverage. Mashkoora Khan – Sub-editor focusing on global developments, with a strong emphasis on Canada visa, immigration, and study-related policy coverage. ... Read MoreStay updated with the latest - Click here to follow us on InstagramTags:US Iran tensionsAdvertisementLoading Recommendations...AdvertisementAdvertisement