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India's trade with West Asia gradually improving: Commerce Secy
India's trade with West Asia faced disruptions in May due to the US-Iran conflict. Exports saw a slight dip but are recovering. Imports also declined significantly. The conflict impacted shipping routes like the Strait of Hormuz. Despite challenges, Indian exporters are utilizing Omani ports. A peace deal between the US and Iran is anticipated to ease trade further.
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economictimes.indiatimes.com
Strait of Hormuz reopening to ease oil supply risks for India as US-Iran reach truce deal
A "toll free" reopening of the Strait of Hormuz, following a US-Iran ceasefire agreement, promises significant relief for India's crude oil imports. This normalization is expected…
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US-Iran peace deal may help boost India's exports, stabilise rupee
A peace deal between the US and Iran is set to reopen the Strait of Hormuz. This agreement is anticipated to significantly boost India's exports to West Asia. It will also help…
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India's trade deficit narrows slightly to $28.21 billion in May as petroleum exports cushion energy import blow
India's trade deficit saw a slight reduction in May. A recent US-Iran agreement is bringing welcome relief. This deal is expected to stabilize shipping through the Strait of…
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US-Iran peace deal brings relief, but India turns to a risk at home
India receives a near-term macroeconomic breather from a US-Iran peace deal. However, early monsoon weakness and potential El Niño conditions are emerging as the next major test…
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India’s goods exports up 18% to $45.2 bn in May
India's merchandise exports reached a record $45.2 billion in May. Imports also grew, leading to a trade deficit of $28.21 billion. Commerce Secretary Rajesh Agrawal expressed…
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India's trade with West Asia gradually improving: Commerce Secy
India's trade with West Asia faced disruptions in May due to the US-Iran conflict. Exports saw a slight dip but are recovering. Imports also declined significantly. The conflict…
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thehindubusinessline.com
Oman transit corridor rescues India’s West Asia exports
India's exports to West Asia surged in May 2026, aided by new transit routes through Oman's ports, bypassing the Strait of Hormuz.