look news india
Iran Israel conflict: Tension has increased in the Middle East after Iran's missile attack on Israel. India has also become worried due to this tension. In fact, in the current situation it may be difficult for Indian companies to do business on important international waterways. Meanwhile, India's Foreign Minister S Jaishankar expressed concern over this during a meeting in Washington and expressed readiness to mediate to resolve the dispute between the two countries through dialogue.
According to experts, the conflict between Israel and Iran can have a direct impact on Indian exporters. Night seas risk serious impacts on supply chains. The Red Sea is already a concern due to attacks by Iran-backed Houthi rebels last year, but tensions between Iran and Israel have increased the risk. At present, as a precautionary measure, security has been increased near the Israeli Embassy in Delhi in India also.
India proposed mediation
During a meeting in Washington, Indian Foreign Minister S Jaishankar said regarding the increasing tension between Israel and Iran, 'India is ready to mediate to resolve the dispute between the two countries through dialogue. The importance of sharing information in times of crisis should not be underestimated. We can act as mediators.
threat of total war
The Foreign Minister said, 'India is very concerned about the increasing conflict in the Middle East, because the increasing tension between Israel and Iran can take the form of full-scale war. We want that all issues should be resolved through dialogue and diplomatic dialogue. Any country must comply with international humanitarian law and avoid harming civilians during military response.
Government of India issued advisory
An advisory issued by the Ministry of External Affairs said, 'We are closely monitoring the increasing security situation in the region. Indian citizens are advised to avoid all non-essential travel to Iran. Citizens currently living in Iran are requested to remain alert and remain in touch with the Indian Embassy in Tehran.
Reduction in petroleum exports
1- In August 2024, petroleum exports on annual basis recorded a decline of 37.56 percent from last year's $9.54 billion (about Rs. 80 thousand crores) to $5.96 billion (about Rs. 50 thousand crores).
2- Indian companies use the Red Sea route to export to Europe, North America, North Africa and other countries in the Middle East through the Suez Canal.
3- In the financial year 2023, India will export 50 percent of its exports through this route, which was worth about Rs 18 lakh crore.
4- In the last financial year, India imported 30 percent of its total imports through this route, which was worth about Rs 17 lakh crore.