A US blockade has disrupted Iran’s trade, causing major congestion at the Chabahar port. According to reports, more than 20 ships are now stranded, highlighting growing pressure on Iran’s maritime and economic activities due to ongoing restrictions. The US Central Command, known as United States Central Command, stated that the blockade has significantly reduced […]
Chabahar port
India exits Chabahar project under Trump’s tariff threat
NEW DELHI: India has fully liquidated its financial commitment to Iran for the development of Chabahar port, transferring approximately $120 million to Tehran, in response to renewed US sanctions and threats of punitive tariffs, The Economic Times reported on Friday. Read More: India faces solar surplus as U.S. market closes A government source confirmed that India […]
India pulls out of Chabahar amid US sanctions
India has effectively pulled back from Iran’s Chabahar port following the reimposition of U.S. sanctions. The move comes after India paid $120 million to Iran before the sanctions took effect. Iran can now use these funds to operate the port without India’s involvement. The withdrawal was marked by the collective resignation of government representatives from […]