Jaitley, who is here on a week-long visit to the US to attend the annual meeting of the International Monetary Fund and the World Bank, made the remarks after a meeting with his Iranian counterpart Masoud Karbasian.
"There were several pending issues with Iran particularly relating to the oil payment. Most of them have been resolved," he told reporters yesterday.
India is Iran's second biggest oil buyer after China and was among a few which had continued to import crude despite Western sanctions against Tehran.
"It's very strategic for us, because the Chabahar port is not only going to service Iran, but also going to service Afghanistan," he said.
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An agreements on the Chabahar port was inked by the two sides in May 2016 after detailed discussions between Prime Minister Narendra Modi and Iranian President Hassan Rouhani.
As per the pact, India is to equip and operate two berths in Chabahar Port Phase-I with capital investment of USD 85.21 million and annual revenue expenditure of USD 22.95 million on a 10-year lease.
The development of the port will help Indian companies enhance engagement in Iran and gain access to Afghanistan & Central Asia. In the long run Chahabar will also serve as the point of origin for the proposed Iran-Oman-India pipeline.
According to Economic Affairs Secretary Subhash Chandra Garg, the Iranian minister did not raise the issue of US President Donald Trump's new Iran policy during his meeting with Jaitley.
"We discussed more on Chabahar port, the trilateral agreement and expediting that kind of work," Garg said.
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