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The Economic Times

Economy / The Economic Times

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India's exports to Iran set to fall further due to Dubai halt, US sanctions

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. Exporters anticipate higher freight and payment processing costs due to these changes. Bilateral trade has already significantly declined from previous highs. Alternative payment and shipping routes are being explored by affected businesses.

24 Aug 2026 6:26 pm