Chabahar port is located in Iran near strait of hormuz. In 2016, India signed deal with Iran of $8 billion investment in Chabahar and industries in Chabahar Special Economic Zone. India Iran relations India Iran trade relations were better in past. Iran was leading exporter of crude oil after Saudi Arabia and Iraq to India. Iran used to provide crude oil at lower prices to India. This helped India for its energy security. India has it's great strategic importance in developing Iran's Chabahar port. India-Iran relations were good in past before US sanctions on Iran. US Sanctions on Iran: On 8 may, 2018 US president Donald Trump decided to move out of "Iran nuclear deal or JCPOA (Joint comprehensive plan of Action)". This deal was signed by P5+1+EU (permanent 5 members of UNSC +1 i.e, Germany + European Union) with Iran. This deal was signed to control Iran from developing nuclear weapons and Uranium was provided to Iran only for nuclear energy programs. T...
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