All tagged Afghanistan

US Exempts Indian-Backed Port in Iran from Sanctions

◢ The United States said Tuesday it would exempt Iran's Indian-backed port of Chabahar from new sanctions on Tehran, recognizing the value of the project to Afghanistan. Iran late last year inaugurated the port on the Indian Ocean which provides a key supply route to landlocked Afghanistan and allows India to bypass its historic enemy Pakistan.

Afghans Return Home in Record Numbers as Iran Currency Plunges

◢ Migrant workers squeezed into battered taxis pull into the Four Seasons of Freedom hotel in western Afghanistan, part of a wave of Afghans forced to leave Iran after a currency implosion wiped out their earnings. A record 442,344 Afghans have voluntarily returned or been deported from Iran this year as looming US sanctions—which began to be reimposed this week—fueled a run on the rial and spurred inflation.