Even so, India could face the impact of the U.S. decision on the deal as well as instituting the “highest level of economic sanctions” in several ways:1. Oil prices: The impact on world oil prices will be the immediately visible impact of the U.S. decision. His replacement, Mike Pompeo, and the new U.S. National Security Adviser, John Bolton, have a much tougher line on Iran and any further restrictions they place will make India’s Chabahar plans more expensive and even unviable. INSTC: Beyond Chabahar, India has been a founder of the International North South Transport Corridor (INSTC) since it was ratified in 2002. Plans for INSTC sped up after the JCPOA was signed in 2015 and sanctions on Iran were lifted.

Source: The Hindu May 09, 2018 03:24 UTC