The United States has sanctioned seven Indian companies for their trade in Iran’s petroleum. This development comes after the imposition of a 25% tariff on India and threats of penalties over its economic ties with Russia. These actions signal a shift in US policy towards India from one of strategic patience to transactional pressure. The moves are described as forcing India to make a choice: “It’s either us or there. And if you are there, then this is the punishment or penalty that you’re getting.” While short-term impacts on India’s exports and oil imports are expected, reports suggest the Indian government was prepared for such measures. India may have the capacity to absorb the initial losses for the next few months while continuing to focus on a bilateral trade agreement.
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