US Revokes Sanctions Waiver for Iran’s Chabahar Port: Big Setback for India’s Regional Trade and Connectivity Plans
The United States has revoked the 2018 sanctions waiver linked to Iran’s Chabahar Port, exposing Indian operators to penalties under IFCA. The move threatens India’s $370 million investment, its 10-year port deal with Tehran, and its broader strategy to access Afghanistan, Central Asia, and Europe through the International North-South Transport Corridor.