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US Sanctions Indian and Turkish Firms Over Iran Oil

The United States has sanctioned several Indian and Turkish companies and individuals, accusing them of helping Iran. The move is part of the Trump administration's Operation Economic Outcast, which aims to cut off Iran's ability to sell oil to fund its war with the United States. The action adds pressure on businesses that deal with Iran's oil trade.

Context

Context: Washington has used sanctions for years to squeeze Iran's oil income, and companies in India and other countries that trade with Iran can be caught in them. Indian businesses with Iran links often review deals carefully to avoid penalties.

Economic Times
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