India, Oct. 30 -- India said on Thursday that the US administration has granted a six-month exemption for American sanctions applicable to Iran's Chabahar port, which has been developed by New Delhi over the past decade as a crucial gateway for expanding trade and transit with the region.

The move came more than a month after the Trump administration revoked a long-standing sanctions waiver that allowed India to establish a presence at the strategic Iranian port on the Gulf of Oman.

"I can confirm that we have been granted exemption for a six-month period on the American sanctions that were applicable on Chabahar," external affairs ministry spokesperson Randhir Jaiswal told a weekly media briefing. The waiver became effective on Wednesd...