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Tehran: Iran and America have put down their guns for now. With the ceasefire of two weeks, the world has heaved a sigh of relief. But the ‘masterplan’ of 10 conditions that Iran has placed on this peace table has raised hopes of a secret jackpot for India. Due to this war, the burden on the Indian economy and the fear of inflation can now be transformed into happiness due to Iran’s terms.

That condition of Iran, which created a stir from Washington to Delhi

The most important condition in this agreement between America and Iran is ‘complete removal of sanctions’. Iran has clearly said that the war will stop only when America ends all the economic and trade sanctions imposed on it. The biggest demand in this is the removal of restrictions on Iran’s oil and gas exports. Apart from this, Iran has also put forward stringent conditions like return of its billions of dollars frozen abroad and departure of US forces from the region.

Diplomatic experts believe that if these restrictions are lifted, India will be the biggest beneficiary.

Crude oil will become a ‘game-changer’ for India

This agreement is no less than a boon for India. In 2019, when the Trump administration imposed stringent sanctions on Iran, India was forced to stop buying oil from Iran. Now this new deal can bring back the old golden days for India. The lifting of the ban simply means that India will once again be able to buy large quantities of crude oil from Iran.

Iran has always been supplying oil to India at huge discounts and better credit terms. The most important thing is that Iran earlier used to work with India on ‘Rupee-Rial’ payment mechanism. If it starts again, India will need less dollars and the pressure on our foreign exchange reserves will be less. This will have a direct impact on your pocket and the prices of petrol and diesel may reduce.

Chabahar Port and new way of trade

Due to sanctions on Iran, India’s dream project ‘Chabahar Port’ was not able to reach its full pace. Through Chabahar, India can directly reach Afghanistan and Central Asia, which will eliminate our dependence on Pakistan.

Also, delivering goods from India to Russia and Europe through the International North-South Transport Corridor (INSTC) will become 40% cheaper and 50% faster. With the removal of restrictions, there will be a flood of investment in this corridor and the doors of the whole world will open for Indian goods.

Luck of Indian farmers and businessmen will also shine

Not only oil and ports, this news is like a jackpot for the farmers of India too. India exports Basmati rice, tea and medicines to Iran on a large scale. This business had slowed down due to banking restrictions, which will now pick up pace again.

Not only this, India will be able to get cheaper urea and fertilizer from Iran for its farming. This will reduce the cost of farming and increase the income of farmers. Overall, this Iran-America ‘peace deal’ is going to prove to be a profitable deal for India from all sides.