Facts for Prelims (FFP)
Source: IE
Context: The US has warned of potential sanctions following India’s signing of a 10-year contract with Iran to operate the Chabahar port.
About Chabahar Port:
- Chabahar port, strategically located in Iran’s Sistan-Baluchistan province, facilitates India’s trade access and has been a key element in the trilateral agreement between India, Iran, and Afghanistan since 2016.
- India has invested significantly in the port, supplying equipment worth $25 million and operating it through India Ports Global Limited.
