The decision, which is part of Washingtons maximum pressure campaign against Tehran, will have an impact on tradeThe US has revoked the sanctions waivers it issued to India in 2018 for its operations at Chabahar Port. 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."