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The United States has granted India a six-month exemption from sanctions for operations through the Iranian port of Chabahar along the Gulf of Oman, the Ministry of External Affairs (MEA) said on Thursday. India is a major partner in development of the Chabahar port, located in the Sistan-Balochistan province Iran's southern coast. It is currently operating the Shahid Beheshti terminal at the port. Earlier, India had said that it is examining the implications of the Trump administration's decision to revoke the 2018 sanctions waiver with regard to the strategically-located Chabahar port in Iran. The US State Department had earlier said that people operating the Chabahar Port and engaging in other related activities will face sanctions under the US Iran Freedom and Counter-Proliferation Act (IFCA) starting September 29. The move to revoke the 2018 sanctions waiver is consistent with President Donald Trump's maximum pressure policy to isolate the Iranian regime, State Department principal deputy spokesperson Thomas Pigott had said. "The Secretary of State has revoked the sanctions exception issued in 2018 under the Iran Freedom and Counter-Proliferation Act (IFCA) for Afghanistan reconstruction assistance and economic development, effective September 29," he said. "Once the revocation is effective, persons who operate the Chabahar Port or engage in other activities described in IFCA may expose themselves to sanctions under IFCA," Pigott added. The Chabahar port is being developed by India and Iran to boost connectivity and trade ties. Both the countries are also strongly pitching for making Chabahar port an integral part of the International North-South Transport Corridor (INSTC). For all the latest news and india news, visit Times Now to get live updates and breaking news around the world.
