The US State Department has recognized Iran’s Chabahar Port, co-developed by India as another important gateway to Afghanistan. For the ongoing project in Chabahar Port, US President Donald Trump’s waiver to India has come as a big relief. This waiver is in addition to the six-month relief from sanctions on the import of Iranian oil.
Despite the Trump administration being very restrictive in giving exemptions, this latest waiver to India is seen as a recognition by Washington of New Delhi’s major role in the development of the port on the Gulf of Oman. This is of immense strategic importance for the reconstruction of war-torn Afghanistan.
The latest and toughest ever sanctions on a defiant Iran is aimed at altering the Islamic Republic’sbehaviour. “The sanctions cover Iran’s banking and energy sectors and reinstate penalties for countries and companies in Europe, Asia and elsewhere that do not halt Iranian oil imports.” Read More