US settles Iran sanctions probesettles Iran sanctions probe with Adani Enterprises
The US Treasury said on May 18 that Adani Enterprises will pay $275 million to settle allegations that it violated US sanctions on Iran through LPG shipments routed via a Dubai-based trader.
The deal closes a major enforcement case involving one of India’s biggest conglomerates and underscores how Washington continues to police trade linked to Iran, even when it moves through third countries.
US Treasury
The Treasury presented the settlement as an enforcement action under sanctions rules meant to restrict Iran’s access to energy revenue. It said the case involved shipments that were represented as coming from other Gulf suppliers but were traced back to Iran.
Adani Enterprises
Adani Enterprises agreed to the payment to resolve the matter without admitting wrongdoing, according to the reporting cited in the articles. The company’s position is that the settlement allows it to move past a long-running compliance dispute.
- Iran sits on one of the world’s largest natural gas reserves.
- OFAC actions can affect companies far beyond the United States because many banks avoid sanctioned trades.
- The Adani Group spans ports, energy, logistics, and infrastructure across several countries.
US-Iran Ceasefire War
The United States launched military strikes against Iran on June 26, 2026, in response to a drone attack on a commercial cargo ship in the Strait of Hormuz, calling it a "foolish violation" of the 60-day ceasefire agreement signed just days earlier[2][4][14].
26 June, 09:35 PM
US launches strikes against Iran following commercial ship attack26 June, 04:47 PM
Trump calls Iran drone attack on cargo ship a ceasefire violation
