India, Sept. 18 -- The United States will revoke a 2018 sanctions waiver that allowed India to develop the Chabahar Port in Iran, a strategically important facility that is seen as providing vital access to Afghanistan and Central Asia.

The US State Department said in a statement that starting September 29, persons operating the Chabahar Port and engaging in other related activities will face sanctions under the US Iran Freedom and Counter-Proliferation Act (IFCA). The move comes as a fresh setback to India's plans to develop Chabahar Port, which is already facing significant delays due to broader US sanctions on Iran.

In 2024, New Delhi and Tehran signed a 10-year contract which allowed India to equip and operate a cargo terminal in th...