The United States on Thursday announced it will revoke the 2018 sanctions waiver for operations at Iran’s strategic Chabahar Port, effective September 29, as part of Washington’s “maximum pressure” campaign against Tehran.
The move is expected to pose major challenges to India’s strategic and economic interests in the region.
The waiver, granted under the Iran Freedom and Counter-Proliferation Act (IFCA), had allowed India and other countries to continue work on the port without facing US penalties.
The State Department said the decision to revoke the waiver is consistent with its broader efforts to disrupt illicit financial networks that sustain the Iranian regime and its military activities.
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