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India Assesses Trade Impact of Iran-Israel Conflict
The Business Guardian
|June 21, 2025
According to the Commerce Ministry sources, the Commerce Secretary held a meeting with stakeholders from shipping and air-cargo sectors to discuss the impact of the Iran-Israel conflict on India's trade and the actions needed to normalize it.
During the meeting, the participants informed that the situation in the Strait of Hormuz is currently stable. Additionally, the country's ship reporting system is in place to monitor any incidents. The freight and insurance rates are also being closely monitored, the source revealed.
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