The United States has imposed sanctions on two Mumbai-based firms and five Indian nationals over their alleged involvement in the trade of Iranian petroleum products. The action was announced on Thursday.The State Department targeted SSPL Solutions Private Limited and Samudra Marine Services Private Limited. It accused them of facilitating imports of petroleum products from Iran and channelling millions of dollars to the Iranian regime.Five individuals were also sanctioned: Dhwani Nisarg Vora and Nisarg Samir Vora, linked to SSPL Solutions, and Ketan Manohar Kochikar, Bhupendrasingh Dhalsingh Sahu and Harishyam Hariharan Chundakattil, linked to Samudra Marine Services.

US authorities say the SSPL-linked pair were involved in imports of about 2 million dollars of Iranian petrochemicals.The action is part of a wider crackdown on Iran under Operation Economic Outcast. The State Department said it is sanctioning ten entities, six individuals and five vessels in total over the trade in Iranian-origin petroleum and petrochemicals.The department said such networks bolster one of the Iranian regime’s most critical revenue streams. The sanctions block the targeted firms and individuals from transactions covered by the action.