In the wake of the April 2, 2015 announcement that the P5+1 countries (the United States, the United Kingdom, France, Russia, China, and Germany), together with the European Union had reached agreement with Iran on the parameters of a deal in which Iran would curtail its nuclear program in exchange for sanctions relief from the United States and the EU, the Indian government reportedly has moved swiftly to expand trade ties with and boost investment in Iran.  On May 6, for example, India entered into a new memorandum of understanding with Iran to develop the Chabahar Port in southeast Iran.  India also sent a trade delegation to Iran in April to discuss oil imports and investments in the energy sector, including the development of Iran’s Farzad-B gas field.  India has significant energy needs that increased reliance on Iranian oil and gas could help satisfy, and India’s development of the Chabahar Port could help facilitate transit to Afghanistan and Central Asia that bypasses Pakistan.
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