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India to review impact of new Trump sanctions on Chabahar
Hindustan Times Bengaluru
|February 07, 2025
The Indian government is assessing the potential impact of US President Donald Trump's restoration of his "maximum pressure" campaign on Iran, specifically the move to remove sanctions waivers related to the Chabahar port, people familiar with the matter said on Thursday.
NEW DELHI:
Trump signed a national security presidential memorandum on Tuesday to reimpose the tough policy on Iran practised during his first term. The threat of US secondary sanctions during that term had forced India to stop Iranian crude oil purchases in May 2019. Till then, Iran was among India's top three energy suppliers.
The new US presidential memorandum directs secretary of state Marco Rubio to "modify or rescind sanctions waivers, particularly those that provide Iran any degree of economic or financial relief, including those related to Iran's Chabahar port project".
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