Govt to meet stakeholders to assess impact of Iran-Israel conflict on India’s trade
The Hindu
Commerce ministry assesses Iran-Israel conflict impact on India's trade, freight rates, and energy security in stakeholder meeting.
The Commerce Ministry on Friday (June 20, 2025) will meet stakeholders, including shipping lines, exporters, container firms, and other departments, to assess the impact of the Iran-Israel conflict on India’s overseas trade and address related issues, an official said.
The industry official said that the meeting will be chaired by Commerce Secretary Sunil Barthwal.
"The meeting is today. We will raise issues related to freight rates," the official said.
Mr. Barthwal has earlier stated that India is keeping a close watch on the situation.
Exporters have stated that the war, if escalated further, would impact world trade and push both air and sea freight rates.
They have expressed apprehensions that the conflict may impact the movement of merchant ships from the Strait of Hormuz and the Red Sea.
Nearly two-thirds of India's crude oil and half of its LNG imports pass through the Strait of Hormuz, which Iran has now threatened to close.
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