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US revokes sanctions waiver for Iran's Chabahar Port, effective September 29
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According to a statement issued by the US Department of State on Tuesday, the operators of the Chabahar Port in Iran will face US sanctions starting September 29.
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,' State Department's Principal Deputy Spokesperson Thomas Pigott said in the statement.
Chabahar Port, located in southeastern Iran near the China-controlled Gwadar Port, stands out due to its strategic and logistical advantages.
In 2024, India signed a 10-year agreement with Iran for the operation of the Chabahar Port.
This long-term deal, signed between Indian Ports Global Ltd. (IPGL) and Iran's Port and Maritime Organisation (PMO), grants India operational control over the Shahid Beheshti terminal, a key component of Chabahar's port infrastructure.
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