Days after Jaishankar visit, US imposes first-ever sanction on Indian firm for oil trade with Iran


Source: theprint.in theprint.in

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New Delhi: The US imposed sanctions on Mumbai-based firm Tibalaji Petrochem Pvt. Ltd Friday for carrying out oil trade with Iran even as US Secretary of State Antony J. Blinken said Washington will continue to “accelerate” enforcement of such punitive measures. This is the first such act of sanction against an Indian firm, and it comes within days of External Affairs Minister S. Jaishankar’s visit to the US, during which he complained about the Joe Biden administration not allowing countries to import oil from Iran and Venezuela at a time when its prices are “breaking the back” of India. India...