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Iran-Israel War Escalation to Impact India€™s Trade with West Asia, Say Experts

  • On June 22, 2025, the US conducted strikes on Iran's nuclear facilities at Fordow, Natanz, and Isfahan, escalating the Iran-Israel conflict in West Asia.
  • The escalation follows Israel's earlier Operation Rising Lion and Iran's Operation True Promise 3, with Tehran condemning the strikes as unlawful and vowing accountability.
  • This conflict threatens India's trade, as key maritime corridors like the Strait of Hormuz and Red Sea face disruption, causing rerouting of consignments and rising shipping risks.
  • Mumbai exporter Sharad Kumar Saraf cautioned that disruptions along this route could impede the transit of oil tankers and warned that rising crude oil prices, which drive overall inflation, pose significant economic risks.
  • Experts warn that a broader conflict could disrupt India’s trade and energy supplies, increase expenses, and create difficulties in economic management amid rising regional tensions and delayed diplomatic efforts.
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awazthevoice.in broke the news in on Sunday, June 22, 2025.
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