Bangladesh, May 30 -- The latest decision by the United States to impose sanctions on Indian petrochemical trading firm Rishabh Triexim and its partner, Swaroop Jayantilal Bagrecha, over alleged involvement in the Iranian oil and petrochemical trade is more than a routine enforcement action. It is a reminder of how economic sanctions have become a central instrument of American foreign policy and how countries such as India increasingly find themselves navigating a complex geopolitical landscape where energy security, national sovereignty, and great-power competition intersect.

According to the US State Department, the Indian company imported approximately $54.6 million worth of Iranian-origin petrochemical products between February and ...