By bne Tehran bureau Iran will sign a 10-year contract with an Indian state operator to develop Chabahar port after a three-year hiatus, according to the state-controlled Iran Labour News Agency on May 13. Chabahar Free Zone, Iran’s sole oceanic port, holds a strategic regional position. In 2016, Iran and India signed a Memorandum of Understanding (MoU) allowing Indian operators to work in Chabahar. However, the initial contract underwent revisions, and India was unwilling to conclude a long-term contract. The port comes under the wider development of the so-called International North-South Tr…