Iran Reaffirms Support for Chabahar Port and Expansion of Bilateral Ties with India

Exam-focused facts from the 7 February 2026 current affairs briefing.

Key facts

Iran's Ambassador to India, Mohammad Fathali, stated that Chabahar Port is vital for providing access to Afghanistan and Central Asia.
The Government of India has transferred the entire committed amount of $120 million to Iran for the development of the port terminal.
India remains committed to a 10-year contract signed in 2024, which includes a $250 million line of credit for the further development of the port.
The United States (US) administration has extended the sanctions waiver for the Chabahar project until 26 April.
The Union Budget for the current year saw zero allocation for the port as the committed financial obligations were already met.