Foreign Policy Watch: India-Iran

India welcomes Iran deal, wary of implications

  1. India and Iran have an annual bilateral trade of about $14 billion with high balance of trade problem due to sanctions in past.
  2. Benefits for India could be cheaper oil imports from Iran and access to Afghanistan through Chabahar port.
  3. Worries are that it could affect India-Israel relations, backlash from Saudi Arabia could lead to closer nuclear cooperation with Pak and Iran’s preferential treatment could go to Russia, China, US and Europe.
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