New Delhi, Aug. 1 -- The Ministry of External Affairs (MEA) on Friday responded to the US announcement of sanctions on Indian companies involved in trading with Iran.

MEA spokesperson Randhir Jaiswal during weekly media briefing stated that India has taken note of the sanctions and is currently reviewing the situation.

Jaiswal stated, "We have taken note of the sanctions, we are looking into it."

The US has imposed sanctions on 20 entities involved in Iranian petroleum, petroleum products, or petrochemical trade, and is identifying 10 vessels as blocked property, including seven India-based companies.

Jaiswal emphasised that India's energy sourcing decisions are based on market conditions and geopolitical developments.

When asked abo...