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Govt Assesses Iran-Israel Conflict Impact on Trade
Business Standard
|June 21, 2025
Iran lifts airspace restrictions to evacuate 1,000 Indians
The commerce ministry on Friday held consultations with key stakeholders, including shipping lines, exporters, container firms, and other departments, to assess the impact of the Iran-Israel conflict on India's overseas trade, an official said. The meeting was chaired by Commerce Secretary Sunil Barthwal.
The participants informed that the situation in the Strait of Hormuz is currently stable and a ship reporting system is in place to monitor any incidents.
The freight and insurance rates are also being closely monitored, the official said.
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