The United States has announced that it will revoke the sanctions waiver for operations at Iran’s Chabahar Port, issued in 2018. The US Department of State, in a release, said that with this, individuals linked to operations at the port would be exposed to sanctions under the Iran Freedom and Counter-Proliferation Act.
The decision will come into effect from 29 September this year. The US administration said that the move to revoke the sanctions exception was in line with President Donald Trump’s maximum pressure policy against the Iranian regime.
In May this year, India and Iran signed a 10-year agreement linked to the Chabahar Port operations, as part of which New Delhi offered a credit window worth 250 million dollars for infrastructure development at the port in the Gulf of Oman.
