India secures six-month US waiver on sanctions for Iran's Chabahar port

India said on Thursday that the US administration has granted India a six-month exemption for American sanctions applicable to Iran’s Chabahar port, which has been developed by New Delhi over the past decade as a crucial gateway for expanding trade and transit with the region.

- HT Correspondent

The Chabahar port has been developed by New Delhi over the past decade to expand trade and transit with Iran.

(AFP)

The move came more than a month after the Trump administration revoked a long-standing sanctions waiver that allowed India to establish a presence at the strategic Iranian port on the Gulf of Oman.

“I can confirm that we have been granted exemption for a six-month period on the American sanctions that were applicable on Chabahar,” external affairs ministry spokesperson Randhir Jaiswal said at a weekly media briefing.

The waiver became effective on 29 October.