Escaling Iran Israel conflict can disturb India's trade in West Asia

Iran-Israel Conflict Threatens India’s Trade with West Asia

The ongoing Iran-Israel conflict jeopardizes India’s $41.7 billion trade with West Asian nations. Experts warn that heightened tensions, especially after recent U.S. military actions, threaten shipping routes and financial systems, inflating costs and disrupting supply chains. India’s energy security could be further compromised if the Strait of Hormuz is affected.

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Oil tankers pass through the Strait of Hormuz

GPS Jamming Threaten Maritime Security near Iranian Coast

Recent reports highlight a troubling increase in GPS jamming and spoofing incidents along the Iranian coast, with around 970 vessels impacted since June 13. Notable hotspots are near key ports like Bandar Abbas, raising maritime security concerns. Experts urge for AI-enhanced navigation systems as traditional methods become increasingly vulnerable amidst rising tensions.

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Iran Advances Maritime Safety Policies Amidst Sanctions Concerns

During a meeting in Tehran, Iranian Minister Sadeq highlighted Iran’s efforts to advance IMO policies for navigation safety. She expressed concern over sanctions hindering cooperation. IMO Secretary General Dominguez echoed her sentiments, emphasizing peace promotion in the region. Both officials underscored the challenges posed by sanctions on maritime cooperation and navigation safety.

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Third Working Group meeting on Chabahar Port between India, Iran and Uzbekistan

India, Iran, and Uzbekistan Discuss Chabahar Port’s Role in Regional Trade and Afghanistan’s Economic Growth

The Third Working Group meeting on Chabahar Port, with India, Iran, and Uzbekistan, occurred in Mumbai on 22 November 2024. Afghanistan Chambers of Commerce delegates attended. The vital role of the port in Afghanistan’s development and creating a trade route to Central Asia was emphasized. They discussed increasing transit traffic and enhancing regional connectivity. India Ports Global showcased the port’s facilities to encourage trade and transit. The next meeting will be scheduled soon.

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