Washington: In protest against Iran's missile attack on Israel on October 1, the US has imposed sanctions on a dozen companies. These are the companies that trade oil with Iran. An Indian company has also come under the purview of US sanctions.

Nearly a dozen companies from around the world are under the purview of America's latest sanctions

Indian company Gabbaro Ship Services supplies Iranian oil to Asian countries through its tanker Hornet. This tanker is part of the so-called Ghost Fleet that supplies petroleum products from Iran, the US State Department has said. About a dozen companies from around the world that are involved in Iran's oil business have come under the purview of America's latest sanctions.

Under the ban, these companies will not be able to work in the American economy

These companies are from UAE, Malaysia, Hong Kong and Suriname. Under the ban, these companies will not be able to work in the American economy. US National Security Advisor Jake Sullivan has said that Iran's attack was aimed at Israel's most populous city, Tel Aviv. This could have killed thousands of innocent people. Therefore, it is necessary to oppose the action of targeting the common people.

If there is a war then India will suffer losses

There is a possibility of war between Israel and Iran. If this happens, it will have a bad effect on the Middle East as well as India. Actually, the trade relationship between India and Iran is quite old. India exports Basmati rice and tea leaves to Iran on a large scale. India imports sunflower oil from Iran.

India exports 19 percent of its total Basmati rice to Iran

According to government data, India exported basmati rice worth $680 million to Iran in the year 2023-24. India exports 19 percent of the total basmati rice produced in India to Iran. If a war breaks out between Iran and Israel, it will have a direct impact on rice exports.

India imports sunflower oil from Iran

At the same time, tea worth 32 million dollars was exported to Iran in the year 2023-24. At the same time, India imports sunflower oil from Iran. If the tension between Israel and Iran increases, then sunflower oil may become expensive in the country.