Archive · 9 Oct 2026
US Sanctions Mumbai Firms and Indians Over Iran Oil Trade
The United States placed sanctions on two companies in Mumbai and five people connected to them.
US officials say the companies helped trade oil products from Iran.
The named people are linked to either Samudra Marine Services or SSPL Solutions.
The State Department said its broader action covered 10 entities, six people and five ships.
The Treasury also announced sanctions involving 17 entities or ships connected to Iran’s oil trade.
Officials say the measures are meant to limit money reaching Iran.
Samudra Marine Services was given until October 23 to finish certain transactions.
The articles do not include a response from the companies or people named.
The United States sanctioned two Mumbai-based companies and five Indian nationals over alleged trade in Iranian petroleum products.
The companies are Samudra Marine Services Private Limited and SSPL Solutions Private Limited; the named individuals are linked to one of the two firms.
The State Department said its action covered 10 entities, six individuals and five vessels, while the Treasury separately announced sanctions involving 17 entities or vessels.
US officials said the targets helped channel millions of dollars to Iran and described the measures as part of Operation Economic Outcast; the articles do not report a response from the targets.
Samudra Marine Services was authorised to wind down certain transactions through October 23.
- Who
- The US government targeted Samudra Marine Services Private Limited, SSPL Solutions Private Limited and five associated Indian nationals.
- What
- The United States imposed sanctions over alleged trade in Iranian petroleum products and related activities.
- When
- The designations were announced October 8, 2026; reports were published October 9. Samudra Marine Services received a wind-down period through October 23.
- Where
- The two companies are based in Mumbai, India; the alleged trade involved Iranian petroleum products.
- Why
- US officials said the targets facilitated Iran-related petroleum trade and helped channel funds to Iran.
- Targeted companies
- Samudra Marine Services Private Limited and SSPL Solutions Private Limited
- Individuals named
- Harishyam Hariharan Chundakattil, Ketan Manohar Kochikar, Bhupendrasingh Dhalsingh Sahu, Dhwani Nisarg Vora and Nisarg Samir Vora
- Company links
- Chundakattil, Kochikar and Sahu were linked to Samudra Marine Services; Dhwani Vora and Nisarg Vora were linked to SSPL Solutions
- State Department action
- Its statement described sanctions on 10 entities, six individuals and five vessels
- Separate Treasury action
- The articles describe sanctions involving 17 entities or vessels; one report specifies 17 vessels
- Wind-down period
- Samudra Marine Services was authorised to wind down transactions through October 23
- US rationale
- Officials said the measures target networks involved in Iranian petroleum trade and revenue
Sources
US sanctions two Mumbai firms and five Indians over Iran oil trade
Which Indian nationals, companies has US sanctioned over Iran oil network?
US Sanctions 2 Mumbai Firms, 5 Indians To Target Iran's Shadow Oil Fleet And Trade
