Economy
� Aveek Sen
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Port of opportunities missed
The re-imposition of US sanctions on Iran is the biggest threat to the Chabahar port . Both India and
Iran must muster enough political will and economic rationale to justify its worth
Legacy India | June 2019
Amid escalating tensions between the US and Iran , Mohammad Javad Zarif , Iran ’ s Foreign Minister , made a brief visit to New Delhi on May 14 to hold talks with his Indian counterpart Sushma Swaraj on the impact of US sanctions on his country ’ s oil industry . His trip came soon after he visited the United Nations . Post his visit , Zarif gave an interview to Fox News Sunday , which is being seen as an attempt to reach out to US President Donald Trump , whose disdain for the media as peddlers of “ fake news ” is not hidden . Zarif then headed to Qatar to attend a ministerial meeting of the Asia Cooperation Dialogue and then to Russia and Turkmenistan . While Zarif was in Russia , President Hassan Rouhani announced that Iran would cease to abide by certain nuclear limitations but stopped short of violating its 2015 nuclear deal . In this context , it is important that the fourth trip of Zarif in this leg is to India and the third after the US cancelled our sanctions waivers for import of Iranian oil .
During his visit , Zarif
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