T he US has warned of potential sanctions for any country considering business deals with Iran, hours after India signed a 10-year contract to operate a port with Tehran. India had entered an agreement to develop the strategically important Chabahar port, close to Iran's border with Pakistan, in 2016.

India and Iran have signed a 10-year contract to develop and operate the Iranian port of Chabahar, which New Delhi envisages as a strategic trade route to landlocked Central Asian republics, allowing it to bypass rival Pakistan.

ALBAWABA - At a US State Department briefing on Monday, US spokesperson Vedant Patel threatened that if India struck "business deals" with Tehran, Washi

India signed a 10-year contract with Iran on Monday to develop and operate the Iranian port of Chabahar, the Narendra Modi-led government said, strengthening relations with a strategic Middle Eastern nation.

The US issued a warning to “anyone” entering into business with Iran hours after India signed a port deal with the country.

India signed a long-term agreement to operate the strategic Chabahar port with Iran as it seeks to expand trade in Central Asia.

Any entity, anyone considering business deals with Iran, they need to be aware of the potential risk they are opening themselves up to, potential risk of sanctions, US State department said

"Any entity, anyone considering business deals with Iran, they need to be aware of the potential risk they are opening themselves up to, potential risk of sanctions," Patel said. The Long-Term Bilateral Contract on Chabahar Port Operation was signed between Indian Ports Global Limited (IPGL) of India and the Port & Maritime Organisation (PMO) of Iran on Monday,

Signing of a long-term contract with Iran on the strategically located port is part of India’s strategic and economic vision for Central Asia and beyond. However, the project has always faced multiple