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The Economic Times

Economy / The Economic Times

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Rising tensions in Middle East may impact trade, push up freight, insurance costs

Rising Middle East tensions are set to disrupt global trade. Experts warn of higher freight and insurance costs, delayed shipments, and a surge in oil prices. This will significantly increase India's import bill. Refiners may seek alternative routes and sources. The Strait of Hormuz is a critical chokepoint for India's oil and LNG supplies.

1 Mar 2026 7:05 pm