Rice dominates trade between the two countries, accounting for nearly two-thirds of Indias $1.25 billion in exports to Iran in the fiscal year-ended March, government data show. Iran, in turn, bought about 7% of Indias $11.5 billion in global rice exports.

New U.S. sanctions and UAE trade suspension may disrupt Indian exports to Iran. Rice, tea, and pharmaceutical shipments routed through Dubai face potential severe disruptions. …

India has been among Iran's five largest trading partners, though bilateral trade has fallen by more than 90% from its 2018/19 highs of $17 billion, with exports now limited.

Stricter US sanctions on Iran are unlikely to significantly affect Indias exports to the country, as bilateral trade is mainly concentrated in pharmaceuticals and agricultural…