<ul data-eligibleForWebStory="true"><li>The Israel-Iran conflict is expected to increase shipping costs and air freight expenses for Indian exporters.</li><li>Ajay Sahai, CEO of the Federation of Indian Export Organisations, highlighted potential supply chain disruptions due to the conflict.</li><li>If fuel prices reach $100, exporters could face additional pressures.</li><li>Currently, there's a gradual rise in sea and air freight charges during renegotiations, with potential for further increases.</li><li>Disruptions in the Strait of Hormuz and the Red Sea could lead to diversions impacting shipments to Europe and North America.</li><li>The Strait of Hormuz is crucial for oil transport, handling world's largest crude oil tankers, and serves as a significant oil chokepoint.</li><li>In 2024, an average of 20 million barrels per day flowed through the strait, equivalent to about 20% of global petroleum liquids consumption.</li></ul>

Israel-Iran Conflict: Expect Rise In Freight Costs, Delayed Shipment, Says Indian Exports Federation

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