Iran-Israel conflict: India's trade concerns

India Jun 20, 2025

With the Iran-Israel conflict heating up, India has asked its shipping companies to look for safer ways to move goods.
Officials are especially worried about the Strait of Hormuz—a key path for oil and gas—which could be blocked if things get worse.

Shipping costs up by almost 9%

These trade routes matter because they keep fuel prices stable and goods moving in and out of India.
The overall conflict situation has already pushed up shipping costs by almost 9%, making everything pricier.
Plus, India's exports to Israel have dropped sharply this year.
To stay prepared, India is now buying more oil from Russia and the US instead of relying so much on the Middle East.