US EditionGlobal Tensions: The Impact of Iran-Israel Conflict on India's Trade
INDIA, JUN 15 – India faces rising freight and oil costs as the Israel-Iran conflict threatens critical shipping routes, with exports to Israel halving to $2.1 billion in 2024-25, FIEO said.
- The escalating Iran-Israel conflict in June 2025 threatens India's trade and regional stability as both nations exchange deadly attacks and airspace closures.
- This conflict follows prior disruptions like the October 2023 Red Sea cargo halt and stems from ongoing hostilities that risk broader regional war and global trade contraction.
- India closely monitors the situation with embassy helplines, relocates students within Iran, and plans high-level discussions with shipping and trade stakeholders amid disrupted airspace and altered sea routes.
- Crude oil prices rose to $75.14 per barrel on June 16, and exporters warn that freight and insurance costs could surge by up to 50% if the conflict prolongs, impacting India's exports to Europe and Israel.
- The conflict jeopardizes India's critical oil imports via the Strait of Hormuz and Red Sea, posing inflationary risks and supply uncertainty while pressuring global logistics and trade flows.
24 Articles
24 Articles
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Iran-Israel conflict to drive up export costs, says Johari Ghani
KUALA LUMPUR: The escalating conflict between Iran and Israel is expected to impact the country’s commodity export industry, particularly through a sharp increase in logistics and transportation costs, said Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani. © New Straits Times Press (M) Bhd
What the Iran-Israel war could mean for much of Asia
From energy security and trade disruptions to political polarisation and rising tensions among Muslim-majority nations such as Indonesia, Malaysia and nuclear armed Pakistan, the consequences for Asia could reshape regional dynamics.
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