Tehran’s new strategic partnership with Beijing will give the Chinese a strategic foothold and strengthen Iran’s economy and regional clout.
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All tagged Chabahar
Tehran’s new strategic partnership with Beijing will give the Chinese a strategic foothold and strengthen Iran’s economy and regional clout.
◢ Trump may have exempted Iran’s Chabahar port from sanctions, but India has struggled to realize its ambitions for the major infrastructure project. Recent government data confirms that no Indian investment has been made in the port in two years. As one Indian official involved with the project since its origins put it, “This was not what we hoped to achieve. Chabahar is only about photo-ops now, not substance.”
◢ More than a dozen cargo ships carrying agricultural commodities are spending weeks anchored off the coast of Iran as importers are delayed in making payments. With supplies of soybeans and maize restricted and demurrage costs incurred when cargoes do finally make it to shore, the delays are having a significant impact on Iran’s economy.