US warns of 'potential risk' of sanctions after India-Iran sign Chabahar port deal
Op IndiaRight after India signed a 10-year contract with Iran to manage operations at the Chabahar Port on the 13th of May, the United States has ‘warned’ that any country considering any business deal with Iran is exposing itself to the “potential risks of sanctions”. During a daily press briefing on Monday, State Department Deputy Spokesperson Vedant Patel said: “We are aware of these reports that Iran and India have signed a deal concerning the Chabahar port. When asked if there was a special exemption for the India-Iran Chabahar Port deal, the US State Department Deputy Spokesperson responded, “No!” India-Iran Chabahar Port Deal On May 13, India and Iran signed a 10-year contract under which India Ports Global Ltd. will invest approximately $120 million to equip and develop the Chabahar port terminal, which India has been working on as part of a trade corridor connecting Iran to Afghanistan, Central Asia, and Russia. US takes a U-turn from the 2018 exemption USA’s ‘warning’ against indulging in business deals with Iran hours after India inked the Chabahar Port agreement comes even as the country had back in 2018 granted an exemption to India saying that Chabahar Port would be kept out of the sanctions for the development of Afghanistan.