What are India, Iran, and Afghanistan’s Benefits from the Chabahar Port Agreement?

Over the last decade we have seen a race to build ports in the Indian Ocean as the two Asian powerhouses, China and India, compete to assert their regional influence. The newest addition to this power struggle is the Chabahar Port, located in Chabahar, a coastal town in the Sistan–Baluchistan region in south-eastern Iran, next to the Gulf of Oman, and at the mouth of the Strait of Hormuz (Figure 1). Its strategic importance and economic value have drawn attention from many countries; however, India was the quickest to secure a deal to develop the port.