Govt to evaluate Iran-Israel conflict impact on trade

The commerce department is closely monitoring the Iran-Israel conflict, and will meet shipping lines, container firms, and other stakeholders later this week to evaluate the impact on trade, Commerce Secretary Sunil Barthwal said.

- SHREYA NANDI

"We are watching the situation. We are also calling a meeting (this week) of all the shipping lines, the container organisations and the concerned departments, and stakeholders to understand from them what are the kind of issues they are facing and how we can sort it out," he said, adding that there will be clarity on the impact of the conflict, depending on how the situation unfolds.

Exporters have flagged that the conflict will result in disruption and escalate freight costs.