The BRICS TimesThe US had initially set September 29 as the deadline to revoke sanctions exemptions on Iran-linked ports. This crucial reprieve for India’s Chabahar Port is now extended by six months.
The Ministry of External Affairs (MEA) confirmed a six-month waiver on US sanctions for the Chabahar Port in Iran. On Thursday (October 30, 2025), the MEA stated that US restrictions will not apply to India’s Chabahar Port project.
10-Year Agreement Signed with Iran
Last year, the Indian government signed a 10-year agreement with Iran. Under this deal, state-owned India Ports Global Limited (IPGL) committed to investing $370 million. This investment is for the development of Chabahar, a strategic port for India. This port is vital because it offers a direct trade route to Afghanistan and Central Asia. Importantly, this route allows India to bypass Pakistan.
Waiver Comes Amidst Trade Talks
This announcement from the MEA occurs while India and the US are finalizing a major trade agreement. The MEA spokesperson said, “We will continue negotiations with the American side to finalize the trade agreement.” He confirmed that both parties are constantly in dialogue.
India Gets Six-Month Exemption
The US had earlier scheduled September 29 to cancel the sanctions exemption for the Iran-linked port. This deadline has now been extended by six months. India is developing a terminal at the Chabahar Port. This development aims to facilitate the movement of goods to landlocked nations. These nations include Iran, Afghanistan, Kazakhstan, and Uzbekistan.
India first proposed this project in 2023. Its primary goal was to enhance regional connectivity. This would happen via the International North-South Transport Corridor (INSTC). This project marked the first time India managed a foreign port. India is developing the terminal to send goods to countries like Iran, Afghanistan, Kazakhstan, and Uzbekistan. The port development was intended to link with the International North-South Transport Corridor (INSTC).
