Trump’s administration sanctions six Indian firms for buying Iranian petrochemicals.

By Aniket Chakraborty July 31, 2025 Arrow WORLD NEWS

The US accuses these firms of aiding Iran’s “destabilising” economic activities.

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Kanchan Polymers allegedly imported $1.3M worth of polyethylene from Iran.

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Alchemical Solutions reportedly brought in over $84M in Iranian petrochemical goods.

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Ramniklal Gosalia & Co is charged for $22M in methanol and toluene imports.

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Jupiter Dye Chemical allegedly transacted over $49M with Iranian sources.

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Global Industrial Chemicals faces action for $51M in methanol-related deals.

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Persistent Petrochem is accused of importing $14M in methanol from Iran.

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Trump insists these sanctions aim to force behavioral change, not just punish.

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Affected firms may appeal via OFAC or the State Department’s delisting portal.

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