Iran-Israel war: Govt to meet stakeholders this week to assess impact on India's trade

The Indian government is closely monitoring the Iran-Israel conflict's impact on overseas trade, planning a meeting with stakeholders to address potential disruptions. Concerns rise over the Strait of Hormuz and Red Sea routes, vital for India's oil imports and exports to Europe and the US. Escalation could inflate prices, impacting trade and fiscal management, with exports to Israel already declining.