The port is Iran’s only exit way to international waters passing through the Sea of Oman. New Delhi has rapidly been developing the strategic port in a bid to export its commodities to Afghanistan bypassing Pakistan.
Following the US abandoning of the 2015 nuclead deal and revival of economic sanctions, Tehran has been seen eager to look East and expand ties with other regional powers like Russia, China and India.
Russia, Belarus, Kazakhstan, Kyrgyzstan and Armenia would be the new markets for Iranian goods after the Eurasian Economic Union gave the green light to the creation of a free trade zone with Iran.