Iran-Israel Ceasefire to Stabilise Global Trade, Aid India's Exports to Middle East

The ceasefire between Iran and Israel has offered major relief to India, which has over USD 100 billion worth of trade with the Middle East countries and is heavily dependent on energy imports from the Gulf region, said experts.They said that reduced geopolitical tension lowers the risk premium, stabilises freight costs and enhances predictability in shipping routes for Indian goods via the Strait of Hormuz, a narrow but key passage between Iran and Oman.

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