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All tagged waiver
◢ 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.”
◢ The deadline for the US administration to decide whether to extend sanctions waivers granted to buyers of Iranian oil is now less than a month away, and President Donald Trump faces a tricky decision. He undoubtedly wants to increase pressure on the Persian Gulf nation, but in doing so he risks stoking oil prices and with them those all-important gas prices in swing states back home.
◢ Iran’s oil exports are likely to remain limited in 2019, with significant negative impact on Iran’s economy. Last month, the Trump administration reimposed sanctions on Iran’s energy sector as part of its ‘maximum pressure’ campaign against. But it nevertheless sought to prevent an unhelpful spike in oil prices ahead of the midterm elections. As a result the United States issued eight waivers to importers of Iranian oil:.
◢ In a recent interview, French Economy Minister Bruno Le Maire expressed optimism for the delivery of eight ATR turboprops to Iran as part of a contract with Iran Air, the country’s national airline. Le Maire spoke of being “hopeful that the United States will provide authorization to deliver these aircraft.” The ATR deliveries, like the three Airbus deliveries made prior to President Trump’s withdrawal from the Iran nuclear deal, are highly symbolic of the hope and expectations for increased trade and investment following the implementation of the Joint Comprehensive Plan of Action (JCPOA).
