the US State Department, one of the four Indian companies that have been banned is Navi Mumbai-based Flux Maritime LLP.
US News: America imposed sanctions on 4 Indian companies, major action in relation to oil deal with Iran: The US has imposed sanctions on four Indian companies for trading crude oil and petroleum products with Iran. This decision has been taken under the Donald Trump administration's policy of increasing pressure on Iran. This decision has been taken by the US Department of Foreign Assets Control.
Under this, the US State Department has imposed sanctions on 30 people from several countries and 4 Indian companies. According to information received from the US State Department, one of the four Indian companies that have been banned is Navi Mumbai-based Flux Maritime LLP. Apart from this, NCR-based BSM Marine and Austinship Management Private Limited are also included. The US has also banned Thanjavur-based Cosmos Lines.
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