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situation report

May 16, 2019 | 15:52 GMT

1 min read

Iran: Containers of Afghan Goods for Indian, Chinese Markets Held up at Chabahar Port

What Happened: At least 50 containers of Afghan goods destined for Indian and Chinese markets have been held up at Iran's Chabahar Port due to U.S. sanctions preventing Afghan and Indian banks from transferring money through the port, The Economic Times reported May 15.

Why It Matters: Although trade between India and Afghanistan only amounted to $1.1 billion in 2018, the recent development highlights how U.S. sanctions are complicating New Delhi's relationship with Tehran as India is carefully maintaining a balancing act between Iran and the United States.

Background: Iran has traditionally been one of India's key suppliers of crude oil, although their relationship has come under strain due to Tehran's worsening relations with Washington.

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