US sanctions 8 Indian, several firms over energy trade with Iran

The State Department imposed sanctions on approximately 40 entities, individuals and vessels to "deny the Iranian regime funds it uses to conduct its malign activity," the department said in a press release on Thursday.

While the Department of the Treasury’s Office of Foreign Assets Control (OFAC) concurrently imposed sanctions on over 50 entities, persons and vessels involved in exporting Iranian petroleum and liquefied petroleum gas (LPG) to global markets.

The lists released by the two departments included eight Indian nationals, who were added to Washington's list of “Specially Designated Nationals (SDN) and Blocked Persons". Those on the list are barred from doing business with Americans and face restrictions on entry to the US.