Israel-Iran War: THESE items likely to get costlier as tensions escalate, check LIST of products that India imports from Iran

The conflict between Israel and Iran has already disrupted the oil market, pushing crude oil prices sharply upward, by over 11 per cent.

Jun 19, 2025 - 12:30

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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 contain entered day 7, posing a significant threat to India in the case of curtailed provides of oil. In step with the analysts and substitute experts, the export charges of oil can climb upto 40-50 percent. To recall, Israel earlier had acknowledged that it struck “dozens” of nuclear and military targets in Iran, following which Iran reportedly retaliated with drone strikes of its contain. Following these traits, global oil costs jumped about 8 percent in a single day, sparking fears that a sustained escalation may push inflation in India up. It's crucial to level to that India imports about 80 percent of its oil requirement from these worldwide locations.

The battle between Israel and Iran has already disrupted the oil market, pushing indecent oil costs sharply upward, by over 11 per cent. Brent indecent 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. In contrast to the the same duration the earlier One year, exports to Iran rose by USD 41.5 million (an develop 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.