Iran Expresses Disappointment Over India's Budget Cuts to Chabahar Port Project

Iran's Foreign Minister Abbas Araghchi expressed disappointment over India's decision to allocate no funds in the 2024 Union Budget for the Chabahar port project. The port, jointly developed by India and Iran, is seen as a strategic gateway connecting the Indian Ocean to Central Asia, the Caucasus, and Europe. The project aims to enhance regional connectivity, facilitate trade with landlocked Central Asia, and counter China's influence via Pakistan's Gwadar Port. Budget cuts come amid renewed US-Iran tensions.