India concludes Agreement with Iran on Chabahar Port India's Foreign Minister, S Jaishankar highlighted the broader regional benefits of its recently inked ten year port agreement with Iran ignoring words of caution from the United States which may result in invocation of sanctions against India. The Indian Foreign Minister in defence of the agreement called
Iranian Port of Chabahar exempted from US from sanctions The motive behind exempting the Iranian Port of Chabahar from sanctions by the US is attributed to its desire to bolster its ally India. Ostensibly the rationale espoused is that the Afghan economy being a continuous drain on international assistance requires a trading route through Iran.
Economic & Commercial Maritime Energy Rivalry - Urals Oil Russia’s Urals oil is used as a reference brand for pricing of export oil mixture with the other main reference brand being Brent. It comprises a mix of heavy sour oil of Urals and the Volga Region blended with light oil of Western Siberia Urals crude
