China is quite literally working rings around India. In the aftermath of the hostile border standoffs and the deaths of Indian soldiers in Ladakh, India has suffered another major strategic setback. According to various reports, Iran has announced that it is going to drop India’s involvement in the Chabahar Port development project. This comes on the heels of a 25-year Sino-Iranian agreement, according to which, China will invest more than $400 billion dollars in Iran. The Chinese have also announced closer military and strategic ties with Iran. Cash poor, oil and gas rich Iran stands to benefit from these new investments as it struggles to gain control over an economy that is permanently crippled by harsh economic sanctions.Read More…