The expiration of the U.S. sanctions waiver for Iran's Chabahar Port is unlikely to force India out of the project but will constrain its development, leaving the strategic port operational but not commercially scalable. The U.S. sanctions waiver that has allowed India to develop and operate Iran's Chabahar Port since 2018 expired on April 26. The measure had provided a legal exemption for India's involvement in the port for trade and connectivity purposes, despite broader U.S. sanctions on Iran. But its expiration has removed that protected status, casting doubt on the continuation of Indian operations and investments there. Indian officials have since indicated that they are in talks with both the United States and Iran, but the spokesperson for India's Ministry of External Affairs cited the ongoing Middle East conflict as a "complicating factor."...
