The decision, which is part of Washington\u2019s \u201cmaximum pressure\u201d campaign against Tehran, will have an impact on trade<\/p>\n
The US has revoked the sanctions waivers it issued to India in 2018 for its operations at Chabahar Port.
\nThe strategically important seaport is located in southeastern Iran on the Gulf of Oman. It provides India with an alternative trade route to Russia, Afghanistan and Central Asia, bypassing Pakistan.
\nThis decision, announced on Tuesday, under the Iran Freedom and Counter-Proliferation Act (IFCA), is a part of Washington\u2019s \u201cmaximum pressure\u201d campaign against Tehran and takes effect on September 29.\u00a0<\/p>\n
Read more<\/p>\n
Attempts to harm ties with India will \u2018fail\u2019 \u2013 Moscow<\/p>\n
\u201cOnce the revocation is effective, persons who operate the Chabahar Port or engage in other activities described in IFCA may expose themselves to sanctions under IFCA,\u201d\u00a0the US State Department said in a statement.
\nIn February Washington passed an executive order to exert \u201cmaximum economic pressure\u201d to \u201cimpose sanctions on the Iranian government, aiming to restrict its access to funds, including those generated through oil exports, ports, and related businesses.\u201d
\nIn 2024, New Delhi and Tehran signed a deal that allows India to equip and operate the Shahid Beheshti terminal at Chabahar Port for the next decade.
\nThe facility was conceived as a strategic hub for the International North-South Transport Corridor (INSTC), developed by India, Iran, and Russia as an alternative shipping route to the Suez Canal.
\nThe Trans-Caspian Route of the INSTC stretches across the sea from the Russian city of Astrakhan to Bandar-e-Anzali in Iran, then across the Islamic Republic to Chabahar Port, and then to Mumbai.
\nTwo alternate routes link Iran and Russia via Azerbaijan and Central Asia.
\nA few days after the February announcement, New Delhi pledged continued support for its joint project with\u00a0Tehran at Chabahar Port.
\nSpeaking at an event in February to mark the 46th anniversary of the Islamic Revolution of Iran, Indian diplomat Jaideep Mazumdar described regional connectivity as a \u201ccrucial\u201d aspect of relations.
\nHe added that the development of the Chabahar deepwater port is a key example of the two countries\u2019 \u201cshared vision for mutual benefit through connectivity.\u201d\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
The decision, which is part of Washington\u2019s \u201cmaximum pressure\u201d campaign against Tehran, will have an impact on trade The US has revoked the sanctions waivers it issued to India in…<\/p>\n","protected":false},"author":1,"featured_media":18450,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[4,6,3],"tags":[],"class_list":["post-18449","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-environment","category-politics"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t