Iran-Israel War Escalation Threatens India's West Asia Trade, Say Experts

The US strikes on Iranian nuclear sites and the escalating Iran-Israel conflict risk severe disruptions to India's trade with West Asia, experts warn. Already impacting exports to Iran and Israel, the conflict could affect shipping through the vital Strait of Hormuz—key for India’s crude and LNG imports—triggering inflation, shipping delays, and higher insurance costs. With $8.6 billion in exports and $33.1 billion in imports from countries like Iraq, Jordan, and Lebanon, India’s wider trade could face cascading effects, especially for perishables like rice and tea. Think tank GTRI and exporters stress urgent concern over energy security and inflationary pressure.

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