Download 18 FREE Maritime eBooks
U.S Warns Of ‘Potential Risk Of Sanctions’ After India-Iran Deal To Operate Chabahar Port
The US has issued a warning to nations considering business agreements with Iran that could result in sanctions.
The development came several hours after India signed a decade-long deal to operate the Chabahar Port in Iran.
Vedant Patel, the Deputy Spokesperson of the US State Department, on 13 May through his daily news conference, declared that any entity or any individual considering business agreements with Iran needs to be aware of the potential risks they are leading themselves to, including the possible risks of sanctions while claiming that the nation is aware of the Iran-India deal that concerns the Chabahar port.
ANI reported that the US spokesperson mentioned that he would let India’s government speak on its foreign policy goals vis-à-vis the Chabahar port as well as the bilateral relationship with Iran.
In response to a question about India’s pact with Iran on the Chabahar port, Vedant Patel stated that US sanctions on Iran are in place and the US will continue to enforce them.
On 13 May, the Indian Ports Global Limited (known as the IPGL) of India and the Port & Maritime Organisation (abbreviated as PMO) of Iran signed a Long-Term Bilateral Contract on the Chabahar Port operation.
Following this deal, the IPGL is entitled to operate the Shahid-Behesti port in the Chabahar Port Development Project for a decade.
The IPGL is set to invest about USD 120 million in equipping the port during this 10-year lease agreement.
India has offered an in-credit window of USD 250 million for mutually identified undertakings to enhance Chabahar-related infrastructure.
The Chabahar Port is likely to serve as a key transit hub for trade with Afghanistan and other landlocked Central Asian countries.
India has had a vital role in developing and operating the Chabahar Port.
Reference: NDTV, India Today
Related Posts
Disclaimer :
The information on this website is for general purposes only. While efforts are made to ensure accuracy, we make no warranties of any kind regarding completeness, reliability, or suitability. Any reliance you place on such information is at your own risk. We are not liable for any loss or damage arising from the use of this website.
Disclaimer :
The information on this website is for general purposes only. While efforts are made to ensure accuracy, we make no warranties of any kind regarding completeness, reliability, or suitability. Any reliance you place on such information is at your own risk. We are not liable for any loss or damage arising from the use of this website.
Related Articles
⚓️ Enhance Your Knowledge. Prevent Accidents. Stay Safe at Sea.
1. eBooks for Engine Department
Master machinery operations, troubleshooting, and safety procedures with expertly written guides tailored for marine engineers. Prevent costly breakdowns and onboard accidents through practical knowledge.
👉 Explore Engine Department eBooks
2. eBooks for Deck Department
Sharpen your seamanship, navigation, and cargo-handling skills with real-world case studies and practical insights designed for deck officers and cadets.
👉Discover Deck Department eBooks
3. eBooks on Electrical Fundamentals & Issues
Understand marine electrical systems, identify potential faults, and prevent onboard electrical failures with step-by-step explanations from industry experts.
4. Pocket Guides for Quick Reference
Compact, handy, and loaded with essential checklists—perfect for on-the-go reference during operations and emergencies at sea.
5. Combo Packs to Save Big
Access multiple expert eBooks at discounted prices. Ideal for professionals seeking complete safety and operational knowledge across various ship departments.
6. Digital Maritime Courses – Learn at Your Own Pace
Upgrade your competence with Marine Insight Academy’s online courses. Learn from industry professionals anytime, anywhere, and become a safer, smarter seafarer.
Subscribe To Our Daily Newsletter
By subscribing, you agree to our Privacy Policy and may receive occasional deal communications; you can unsubscribe anytime.
BE THE FIRST TO COMMENT