Hungama Latest US grants India six-month sanctions waiver to run Iran’s Chabahar port, New Delhi says

US grants India six-month sanctions waiver to run Iran’s Chabahar port, New Delhi says

US grants India six-month sanctions waiver to run Iran’s Chabahar port, New Delhi says post thumbnail image

Iran’s Chabahar port on the Gulf of Oman was planned with a rail link to boost Afghanistan’s trade

A view of Chabahar port, Iran. PHOTO: WIKIMEDIA COMMONS

The United States has granted India a six-month sanctions waiver to operate Iran’s Chabahar port, India said on Thursday, boosting New Delhi’s efforts to expand trade with Afghanistan and Central Asian countries while bypassing rival Pakistan.

India signed a 10-year contract with Iran last year to develop and operate the port. Earlier this month, it also deepened ties with Taliban-run Afghanistan by reopening its embassy in Kabul, which had been closed after the Islamist group seized power in 2021 following the withdrawal of US-led NATO forces.

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The port, located on Iran’s southeastern Gulf of Oman coast, was originally planned with a rail link to Afghanistan aimed at strengthening the landlocked country’s economy through trade and reducing Kabul’s dependence on Pakistan’s port of Karachi.

The waiver announcement followed comments this week by US President Donald Trump that he wanted to pursue a trade deal with India — signaling a thaw in relations that had hit their lowest point in decades after he doubled tariffs on Indian imports to 50% in response to New Delhi’s purchases of Russian oil.

Indian refiners are now cutting Russian oil imports after Washington imposed sanctions last week on Moscow’s top crude exporters, Rosneft and Lukoil.

“I can confirm that we have been granted an exemption for a six-month period,” Indian foreign ministry spokesperson Randhir Jaiswal told a weekly news briefing, referring to the port. He added that India was continuing talks with the Trump administration on a bilateral trade deal.

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Washington had revoked the Chabahar sanctions waiver last month — first granted in 2018 — as part of its “maximum pressure” campaign against Iran, aimed at countering what it called the Islamic Republic’s destabilizing activities and support for its nuclear and ballistic missile programs.

An Indian official, speaking on condition of anonymity, said the US sanctions waiver took effect on Wednesday. The US embassy in New Delhi did not immediately respond to a request for comment.

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