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Time of India
12 hours ago
- Business
- Time of India
US sanctions 6 Indian companies for trade in Iran petroleum products
The Trump administration has sanctioned six Indian companies for their "significant" sales and purchases of Iranian-origin petrochemical products. "The Iranian regime continues to fuel conflict in Middle East to fund its destabilising activities. Tired of too many ads? go ad free now Today, the US is taking action to stem the flow of revenue that the regime uses to support terrorism abroad, as well as to oppress its own people," the department of state said Wednesday, as it announced imposing sanctions on 20 global entities engaged in Iranian petroleum, petroleum products or petrochemical trade. The state department said multiple companies in India, the UAE, Turkiye and Indonesia are being designated for their significant sales and purchases of Iranian-origin petrochemical products. As President Donald Trump has said, "any country or person who chooses to purchase Iranian oil or petrochemicals exposes themselves to the risk of US sanctions and will not be allowed to conduct business with the United States", it said. Targeting Iran's petrochemical trade, the US designated 13 entities across multiple jurisdictions which have engaged in the transhipment, sale, and purchase of Iranian-origin petrochemicals. While there was no official reaction to the US announcement by India, the Iranian embassy here in New Delhi said the US continues to weaponise the economy and use sanctions as tools to dictate its will on independent nations such as Iran and India, and impede their growth and development. "These coercive discriminatory actions violate the principles of international law and national sovereignty, representing a modern form of economic imperialism. Resisting such policies is a stand for a more powerful emerging non Western-led multilateral world order and a stronger Global South," it said.
NDTV
17 hours ago
- Business
- NDTV
US Weaponising Economy To "Dictate Its Will" To Iran, India: Tehran
Iran on Thursday accused the United States of weaponizing the economy and using sanctions as tools to "dictate its will on independent nations" such as Iran and India and impede their growth and development. "The United States continues to weaponize the economy and use sanctions as tools to dictate its will on independent nations such as Iran and India and impede their growth and development. These coercive discriminatory actions violate the principles of international law and national sovereignty, representing a modern form of economic imperialism," the Embassy of Iran in India posted on X. "Resisting such policies is a stand for a more powerful emerging non Western-led multilateral world order and a stronger Global South," it added. The reaction came less than 24 hours after US President Donald Trump announced that he will levy a 25 per cent tariff on India and a penalty for buying Russian oil, starting August 1. Meanwhile, the Iranian Foreign Ministry on Thursday described the new US sanctions against Iran's oil trade as a "malicious act" aimed at damaging the country's economic development and the well-being of its people. Strongly condemning the imposition of new sanctions by the US against a group of Iranian individuals, entities, and vessels related to Iran's oil and energy sector, Iranian Foreign Ministry spokesperson Esmail Baqaei described the "oppressive sanctions" as clear evidence of the hostility of US decision-makers toward the Iranian people. "The Foreign Ministry spokesperson further stressed that Washington's addiction to unilateralist behavior and its reliance on illegal and coercive tools to pursue illegitimate objectives at the international level, as well as its flagrant disregard for the rule of law and human rights, has made a mockery of the fundamental principles of international law, including respect for state sovereignty and the freedom of interstate trade, putting the world at unprecedented risk," read a statement issued by the Iranian Foreign Ministry. Addressing the media in Tehran, Baqaei said that these unilateral and illegal sanctions are criminal in nature, violate the fundamental principles and norms of international law and human rights, and constitute a crime against humanity.
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First Post
a day ago
- Business
- First Post
US weaponising economy: Tehran slams Trump's sanction move to ‘dictate' his will on Iran, India
After the United States sanctioned more than 50 entities and persons over the trade of Iranian oil, including six Indian companies, Iran has accused the Donald Trump administration of weaponising the economy and using sanctions as a tool to impose the American will on other nations. read more After the United States announced the latest round of sanctions on the trade of Iranian oil, Iran on Thursday accused the Donald Trump administration of weaponising the economy and using sanctions as a tool to impose the American will on other nations. The Trump administration on Wednesday sanctioned more than 50 entities and persons for the trade of Iranian oil. The entities and persons sanctioned are part of the vast shipping empire controlled by Mohammad Hossein Shamkhani, the son of Ali Shamkhani, a top political advisor to Iran's Supreme Leader Ayatollah Khamenei, the US Department of Treasury said in a statement. STORY CONTINUES BELOW THIS AD Hossein has leveraged corruption through his father's political influence at the highest levels of the Iranian regime to build and operate a massive fleet of tankers and containerships and this network transports oil and petroleum products from Iran and Russia, as well as other cargo, to buyers around the world, generating tens of billions of dollars in profit, the Treasury Department further said. There were at least six Indian entities or persons among those sanctioned by the United States. Notably, the sanctions, including on Indian entities and persons, came on the same day Trump slapped India with 25 per cent tariff and threatened with additional penalties over the trade with Russia. 'Modern form of economic imperialism' With the latest round of the sanctions, the United States has continued to weaponise the economy and use sanctions as tools to dictate its will on independent nations such as Iran and India and impede their growth and development, the Iranian embassy in India said in a statement on X. The United States has slapped wide-ranging sanctions on Iran over the regime' nuclear programme. While those sanctions were lifted after Iran signed the nuclear deal in 2015, Trump withdrew the United States from the deal in 2018 and pivoted to a 'maximum pressure' strategy wherein he maximised sanctions on Iran with the intention to bring the nation to the negotiating table. The Iranian statement further said, 'These coercive discriminatory actions violate the principles of international law and national sovereignty, representing a modern form of economic imperialism. Resisting such policies is a stand for a more powerful emerging non Western-led multilateral world order and a stronger Global South.'
Mint
a day ago
- Business
- Mint
Iran slams Donald Trump over sanction on 6 Indian companies: ‘Coercive, discriminatory actions violate…'
The Iran Embassy in India has slammed the Donald Trump administration over its decision to sanction six Indian companies for trading with Iran, calling it a 'coercive' and 'discriminatory' action to 'dictate its will on independent nations' 'The United States continues to weaponize the economy and use #sanctions as tools to dictate its will on independent nations such as Iran and India and impede their growth and development,' the Iranian Embassy said in a post on X. 'These coercive discriminatory actions violate the principles of international law and national sovereignty, representing a modern form of economic imperialism. Resisting such policies is a stand for a more powerful emerging non Western-led multilateral world order and a stronger Global South,' it added. (This is a developing story. Check back for updates)
News18
7 days ago
- General
- News18
Viral Post Claims Indian Men In US Struggle With ‘Superiority Complex'
Last Updated: Reddit user claims that many desi people in America act like other Indians owe them something just because they exist. Living and working in a foreign country is seen as a big success by many people. But for some, it creates a feeling of superiority, especially toward fellow Indians. A recent post on Reddit by an Indian man living in the United States has caught a lot of attention. According to the individual, many desi people in America act like other Indians owe them something just because they exist. When Indians meet, instead of being friendly, they ask many personal questions about family, job, money and relationships. In groups with different people, some Indian men try to act more important than others, in the hope of impressing non Indians, especially white women. The individual explained, 'Indians in the USA, harsh truth. Many Indians in America operate with a twisted sense of entitlement, as if every other Indian owes them something just for existing. If you're successful, they think it should somehow benefit them. Privacy? Forget it. When Indians meet other Indians, they turn into interrogators, digging into your personal life, family, job, income, relationships, even your grades. But it's not curiosity, it's data collection for self-gain, gossip or sabotage." 'In mixed groups, Indian men suddenly develop a superiority complex, at the expense of their own. Instead of showing solidarity, they try to outshine fellow Indians just to impress non Indians, especially white women. Their tactic? Undermine other Indians to appear more 'refined' or 'cool.' It's not just pathetic, it's destructive," the Redditor added. Reacting to the post, a user wrote, 'I think you need to change the friends or networking group." Another shared, 'One time I was in a relationship with an American woman who was much older than I. The amount of stares and judgment I got from Indian men was annoying. I expected this, but it came from our own. Some even went to pass on various kinds of comments and to tell how lucky I was to get a white woman who has experience and I should marry her immediately to secure a green card." 'Embrace liberty and individuals as individuals. Stop with group identity, I guess," a comment read. An individual stated, 'Shouldn't we treat everyone equally in the workplace, regardless of background? While I understand why some Indians might feel a sense of solidarity with each other, especially when working abroad, isn't it also important to integrate and connect with everyone around us, not just those from our community?" One more added that when a group of male friends is hanging out and a few women join in, some of the men start putting each other down just to look better in front of the women. But most people can notice this kind of behaviour. When someone tries to make another person look bad in front of others, it usually backfires. Everyone, including both men and women, silently judges the person who is speaking negatively. The best way to deal with such situations is to slowly step away and not take part in the drama. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
