Tag: sanctions

CITI expresses concern over potential additional tariffs by the U.S.

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CITI expresses concern over potential additional tariffs by the U.S.

The Confederation of Indian Textile Industry (CITI) has expressed concern over the potential impact on India’s textile and apparel exports because of the likely additional tariffs planned by the US following the signing of the ‘Lindsey O. Graham Sanctioning Russia and Iran Act of 2026’ by U.S. President Donald Trump. Ashwin Chandran, chairman of CITI,…

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Business

​A respite: On the two-week U.S.-Iran ceasefire

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​A respite: On the two-week U.S.-Iran ceasefire

After demanding Iran’s unconditional surrender and threatening to erase its civilisation, U.S. President Donald Trump, on April 8, agreed to a two-week ceasefire and to hold direct talks with Tehran on the basis of its 10-point peace formula. Iran has said that it will honour the truce and allow the “safe passage” of vessels through…

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World

Potential risk of sanctions for any business deals with Iran, says U.S., in wake of Chabahar port deal

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Potential risk of sanctions for any business deals with Iran, says U.S., in wake of Chabahar port deal

International Port of Shahid Beheshti in Chabahar. | Photo Credit: Getty Images Any country having business dealings with Iran runs the risk of sanctions, the United States has said, noting that it is aware that Iran and India have signed a deal concerning the Chabahar port. Responding to the India-Iran Chabahar agreement, “We are aware…

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World