Iran-Israel war could hurt exports; increase freight rates: Exporters

The Iran-Israel conflict has further increased global economic uncertainties, impacting world trade including India's exports, as it is expected to drive up both air and sea freight rates, say exporters.
They said that India's exports to Europe and counters like Russia may get impacted due to this war. If the conflict continues for long, the movement of merchant ships through routes such as Strait of Hormuz between Iran and UAE and Red Sea would get affected.

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