Submit

You can submit your opinions to MT

Covering Domestic and Global affairs

Markhor Times
Search
  • National
  • Sports
  • Government
  • World
  • Entertainment
  • Editorial
Reading: US Issues Sanctions Warning After India-Iran Chabahar Port Deal
Share
Font ResizerAa
Markhor TimesMarkhor Times
Search
Follow US
Made by ThemeRuby using the Foxiz theme. Powered by WordPress
Homepage Blog National US Issues Sanctions Warning After India-Iran Chabahar Port Deal
National

US Issues Sanctions Warning After India-Iran Chabahar Port Deal

By
Zarghona Jannat
Last updated: May 16, 2024
2 Min Read
Share
India-Iran agreement
India-Iran agreement

The United States issued a cautionary warning shortly after India and Iran signed a significant 10-year agreement to operate the Chabahar Port, emphasizing the potential risks associated with engaging in business with Iran and the continued enforcement of sanctions against Tehran. Vedant Patel, the principal deputy spokesperson for the US Department of State, highlighted the importance of understanding the risks involved in such dealings and the consequences of potential sanctions.

During a press conference, Patel acknowledged the reported agreement between India and Iran regarding the Chabahar Port, allowing the Indian government to articulate its foreign policy objectives and bilateral relationship with Iran. He emphasized the need for entities considering business deals with Iran to be fully aware of the risks, specifically the risk of facing sanctions imposed by the United States.

The Long-Term Bilateral Contract signed between Indian Ports Global Limited (IPGL) and the Port & Maritime Organization (PMO) of Iran solidifies the operation of the Shahid-Behesti port within the Chabahar Port Development Project for a decade. This agreement, valued at $370 million, underlines the strategic importance of the Chabahar Port in facilitating trade with landlocked Central Asian nations, including Afghanistan.

Despite the agreement between India and Iran, the US remains steadfast in its commitment to enforcing sanctions on Iran, with Patel clarifying that there will be no exemptions for India under this deal. He reiterated, “US sanctions on Iran remain in place, and we will continue to enforce them,” emphasizing the need for caution and awareness among entities engaging in business with Iran.

The warning from the US underscores the complexities surrounding international agreements and the delicate balance of diplomatic relations in the context of economic partnerships with countries under sanctions.

TAGGED:2024InternationalUS sanctionsworld

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

HOT NEWS

Users face slow internet across the Country today

Users face slow internet across the Country today

Breaking News
October 14, 2025

Alizeh Shah Breaks Silence on Viral Sister Rumors

Actress Alizeh Shah has responded to speculations emerging on social media tying her to newbie…

October 14, 2025

Panic Grips Swat After Early Morning Quake

On Monday, an earthquake with a Richter rating of 4.4 rocked Swat and its surrounding…

October 14, 2025

Relief on the Way as Fuel Prices Set to Drop

Petrol prices in Pakistan are expected to fall beginning October 16, providing some respite to…

October 14, 2025

YOU MAY ALSO LIKE

Pakistan Braces for Internet Slowdown Today

Internet users in Pakistan are expected to experience poor speeds and partial disruptions today as repair work on a key…

National
October 14, 2025

Nation Goes Dark Again as Pakistan Faces Widespread Internet Outage

On Monday evening, internet connection across Pakistan was disrupted again, this time hitting prominent social media sites such as Facebook…

National
October 13, 2025

Largest ever container ship at Hutchison Ports

The MSC Micol, a state of the art container ship and one of the largest in the world, made its…

National
October 12, 2025

Govt Grants Major Relief to Flood-Hit Families

The government has canceled August power payments for more than 2.5 million flood affected households. According to Power Division sources,…

National
October 12, 2025
Markhor Times is an independent, privately owned publication focusing on Domestic and Global Affairs and bringing truth forward in this fast paced, biased world of media. MT is one of the emerging e-outlets in Pakistan, headquartered in Pakistan.

Follow US: 

Markhor Times Advertising (SMC-PRIVATE) Limited

Email: ameer@markhortimes.com
Tel: +92-3348881455

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?