US revokes sanctions waiver on Iran’s Chabahar port
- The exemptions of sanctions on the port will be revoked by September 29
- The port is a gateway for India to access landlocked central Asia and Afghanistan for trade
- It has had a strategic importance for Iran as it could avoid a hardline sanctions regime through the port
The Iranian port of Chabahar is being developed and operated by India as part of a 10-year contract that Iran and India signed in May 2024. India will be affected by the US decision as the port provides the country an easier route for trade with central Asia and Russia
