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1.The United States on Saturday removed a wide range of sanctions against Iran after International Atomic Energy Agency (IAEA) confirmed that Tehran has met its commitments to roll back its nuclear programme, under an agreement with China, France, Russia, the United Kingdom, the U.S and Germany on July 14, 2015.
2.The removal of sanctions will tremendously help India’s plans in Iran, which are many and include the Chabahar port, an Indian Oil petrochemical plant and the proposed Iran–Pakistan–India (IPI) gas pipeline.
3.India’s oil imports from Iran have been restricted by the sanctions and the recent forward movement on Chabahar port was accommodated within the exemption granted for projects exclusively serving commerce with Afghanistan.