US Grants Conditional Sanctions Waiver for India's Chabahar Port Project Amid Trump's Tariff Threat
World
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Moneycontrol•16-01-2026, 18:59
US Grants Conditional Sanctions Waiver for India's Chabahar Port Project Amid Trump's Tariff Threat
- •The US Department of the Treasury issued a conditional sanctions waiver for India's Chabahar Port involvement, valid until April 26, 2026.
- •MEA spokesperson Randhir Jaiswal confirmed ongoing engagement with US authorities to implement the arrangement, following a letter received in October 2025.
- •The waiver comes after US President Donald Trump's threat of 25% tariffs on countries doing business with Iran, amidst violent protests in Iran.
- •India operates the Shahid Beheshti Terminal at Chabahar Port, a strategic project providing direct access to the Arabian Sea and a trade route to Afghanistan and Central Asia.
- •India has issued advisories urging nationals to avoid travel to Iran and those residing there to leave, due to rapidly evolving economic and political unrest.
Why It Matters: US grants India a conditional waiver for Chabahar Port, navigating sanctions and Trump's tariff threats.
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