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bbc | Chabahar Port: US says sanctions possible after India-Iran port deal
hours after India signed a 10-year contract to operate a port with Tehran.

India had entered an agreement to develop the strategically important Chabahar port, close to Iran's border with Pakistan, in 2016. On Monday, it signed a long-term deal with Iran to develop it further. India's shipping minister called it a "historic moment in India-Iran ties". But the move may not go down well with the US, which has imposed more than 600 sanctions on Iranian-related eNTiTiEs over the past three years.

In a press briefing on Tuesday,

QUESTION: Iranian traders smuggled more than $1 billion worth of fuel into neighboring Pakistan annually. Is it a concern that how black market earning billions of dollars in the region?
PATEL: So all Iran sanctions remain in effect, and we advise anyone considering business deals with Iran to be aware of the potential risks.
the country's State Department Deputy Spokesperson Vedant Patel said, when asked about the deal, that the US sanctions on Iran are still in place and that Washington would continue to enforce them....
RT | India responds to US warning on Iran deal (15.05.24)
Chabahar is also a hub for the upcoming International North-South Transport Corridor (INSTC), envisioned by New Delhi, Tehran, and Moscow. Once completed, the INSTC would reduce transit times between Mumbai, India, and St. Petersburg, Russia, by 40%, dramatically cutting costs. While India expressed interest in developing the port as far back as 2003, US sanctions on Iran over its suspected nuclear program derailed its development.
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by Cat on Wed May 15th, 2024 at 03:36:58 PM EST
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