India Secures 10-Year Deal to Operate Iran's Chabahar Port
The strategic agreement aims to enhance regional trade but faces potential U.S. sanctions.
- India and Iran sign a long-term contract for Chabahar Port's development and operation.
- The port provides India a crucial trade route to Afghanistan and Central Asia, bypassing Pakistan.
- The U.S. warns of potential sanctions for countries engaging in business with Iran.
- India will invest $120 million and offer a $250 million credit line to Iran for infrastructure development.
- The deal is seen as a strategic move to counter China's influence in the region.
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