Missiles between Israel and Iran, India’s import-export from both countries, these things may increase prices
Israel and Iran There is a fierce war between. Both countries are showering missiles on each other. This has brought a picture of severe loss in both countries. In the coming days, this war is expected to deepen. Defense expert says that this war can engulf the entire middle East countries. If the war goes on long, it will also affect India because India has business relations with both countries. A lot of things are exported to these two countries from India. Also, imports are also done from these two countries. Let us know that if the war is terrible then the prices of things in India may increase.
Rose in crude oil
India imports 85 percent of its needs from countries around the world. However, India does not have much import from Iran, but Iran has a major contribution in oil producers countries. The price of crude oil has become uncontrollable with the commencement of the war between Israel, Iran. The price has risen more than 11%. Brent crude reached $ 75.32 per barrel and West Texas Intermediate (WTI) crude oil reached $ 73.42 per barrel. If this war continues, the price of crude oil can be further raised. This will affect India’s imports. Import of crude oil will be expensive. This may increase the price of petrol, diesel, gas, ATF etc. in India.
Products coming from Israel to India
India is the second Israeli and 9th largest trading partner in Asia and the 9th largest globally. Electronic machinery and high -tech products in recent years, medical equipment; There has been an increase in business in areas like communication system etc.
- Electrical and Electronic Equipment
- Weapons and ammunition
- Optical, photo, technical and medical equipment
- Fertilizer
- Machinery, nuclear reactor and boiler
- Aluminum, Diverse Chemical Products
- Pearls, precious stones, metals and coins
- Organic chemicals
- Tools made of base metal etc.
What does India import from Iran?
In March 2025, India exported $ 130 million from Iran and imported $ 43 million. India’s exports to Iran between March 2024 and March 2025 increased by $ 41.5 million (47.1%) to $ 88.1 million to $ 130 million, while imports declined by $ 13.3 million (23.6%) to $ 56.2 million to $ 43 million.
- Biological chemicals
- Food fruits, nuts
- Mineral fuel, oil
- Salt, sulfur, soil, stone, plaster, lime and cement
- Plastic and made products
- iron and Steel
- Botanical products like glue, resins and lacquer
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