India to help shipping firms amid Iran crisis
India
With US and Israeli military actions against Iran disrupting shipping in West Asia, India is rolling out relief for shipping companies: think lower port fees and easier cargo rules to help vessels stuck or rerouted by the crisis.
Each port will have a go-to officer to sort out waivers so ships can keep moving.
Wider impact on global trade
The Strait of Hormuz, now threatened by closure, handles a huge chunk of the world's oil and gas, plus essentials like fertilizer and aluminum.
Many ships are stranded. If this drags on, expect longer delivery times for everyday goods and possible spikes in fuel prices worldwide.