Israel-Iran War: THESE items likely to get costlier as tensions escalate, check LIST of products that India imports from Iran
New Delhi: The ongoing tensions between Israel and Iran have entered day 7, posing a significant risk to India in terms of curtailed supplies of oil. According to the analysts and trade experts, the export costs of oil can climb upto 40-50 percent. To recall, Israel earlier had said that it struck “dozens” of nuclear and military targets in Iran, following which Iran reportedly retaliated with drone strikes of its own. Following these developments, global oil prices jumped about 8 percent in a single day, sparking fears that a sustained escalation could push inflation in India up. It is important to note that India imports about 80 percent of its oil requirement from these countries.
The conflict between Israel and Iran has already disrupted the oil market, pushing crude oil prices sharply upward, by over 11 per cent. Brent crude has surged to USD 75.32 per barrel, while West Texas Intermediate (WTI) has reached USD 73.42 per barrel.
What does India import from Iran?
India exported goods worth USD 130 million to Iran and imported goods worth USD 43 million in March 2025. Compared to the same period the previous year, exports to Iran rose by USD 41.5 million (an increase of 47.1 percent) from USD 88.1 million, while imports from Iran declined by USD 13.3 million (a drop of 23.6 percent) from USD 56.2 million.
- Organic chemicals
- Edible fruits, nuts
- Mineral fuels, oils
- Salt, sulphur, clay, stone, plaster, lime and cement
- Plastics and their products
- Iron and steel
- Vegetable products such as gums, resins and lacquers
What does India import from Israel?
- Electrical and electronic equipment
- Arms and ammunition
- Optical, photo, technical and medical equipment
- Fertilizers
- Machinery, nuclear reactors and boilers
- Aluminum, miscellaneous chemical products
- Pearls, precious stones, metals and coins
- Organic chemicals
- Tools made of base metals etc.
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