Archive · 20 Jun 2025
India Assesses Iran-Israel Conflict's Impact on Overseas Trade
India is concerned about how the conflict between Iran and Israel might affect its trade.
Government officials are talking with businesses that ship goods to see what could happen.
They're worried that ships might have trouble going through important waterways like the Strait of Hormuz and the Red Sea, which could make things more expensive and difficult.
India gets a lot of its oil from the Strait of Hormuz.
Also, exports to Israel have gone down recently.
India is monitoring the impact of the Iran-Israel conflict on its overseas trade.
The commerce ministry held consultations with stakeholders, including shipping lines and exporters.
Exporters fear the conflict may disrupt shipping through the Strait of Hormuz and Red Sea.
Nearly two-thirds of India's crude oil imports pass through the Strait of Hormuz.
India's exports to Israel have fallen, while imports from Israel have also decreased.
- Who
- The commerce ministry and stakeholders, including shipping lines and exporters.
- What
- Consultations were held to assess the impact of the Iran-Israel conflict on India's overseas trade.
- When
- June 20, 2025
- Where
- New Delhi
- Why
- To assess the impact of the Iran-Israel conflict on trade and explore alternative strategies.
- Strait of Hormuz Importance
- Nearly two-thirds of India’s crude oil imports pass through it
- Exports to Israel (2024-25)
- USD 2.1 billion
- Imports from Israel (2024-25)
- USD 1.6 billion
- Exports to Iran (2024-25)
- USD 1.4 billion
- India's total exports (2024-25)
- USD 825 billion
