"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", the US State Department said in a statement. In 2024, India and Iran signed a deal that allows India to equip and operate the Shahid Beheshti terminal at Chabahar port for the next decade. The port was conceived as a strategic hub for the International North-South Transport Corridor (INSTC), developed by India, Iran, and Russia as an alternative shipping route to the Suez Canal. A few days after the February announcement, India pledged continued support for its joint project with Iran at Chabahar Port. He added that the development of the Chabahar deepwater port is a key example of the two countries' "shared vision for mutual benefit through connectivity."