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Today's Paper | May 20, 2026

Published 19 May, 2026 12:24am

US Treasury, India's Adani Enterprises settle alleged Iran sanctions violations

The US Treasury Department says it agreed to a $275 million settlement with India’s Adani Enterprises over the company’s potential civil liability for 32 apparent violations of US sanctions on Iran, Reuters reports.

Adani Enterprises had bought shipments of liquefied petroleum gas from a Dubai-based trader purporting to supply Omani and Iraqi gas that had actually originated from Iran, the Treasury’s Office of Foreign Assets Control says in a statement.

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