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Date: 15/10/2024

India treads a tightrope amid rising Middle East tension & trade concerns

India is treading a tightrope amid rising Middle East tension after Iran attacked Israel. Experts think that India should adopt a neutral stance, especially if the situation worsens and a formal war breaks out between Iran and Israel. India’s major concern is a potential extended disruption in trade. Traders worldwide are preparing for this, as the crucial Red Sea shipping route could stay closed to international shipping lines longer than initially expected, likely keeping freight rates and petroleum prices elevated.  If the situation got worse, it would affect the supply chain, imports and exports, and India’s interests in the region, said a report.
Source: Exim News Service: New Delhi, Oct. 14



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