If Israel Iran war escalates then India will be affected too as prices of these items will rise significantly, details inside
(Representational image: unsplash)
New Delhi: A fierce war is going on between Israel and Iran. Both the countries are firing missiles at each other. This has resulted in huge losses in both the countries. This war is likely to deepen in the coming days. Defense experts say that this war can engulf the entire Middle East. If the war continues for a long time, it will also affect India because India has business relations with both the countries. Many things are exported from India by both these countries. Also, imports are also made from both these countries. Let us know which things can get costly in India if the war becomes more serious. Crude oil
India imports 85 percent of its oil requirement from countries around the world. Although India does not import much from Iran, but Iran has a big contribution among the oil producing countries. With the start of the war between Israel and Iran, the prices of crude oil have gone out of control. The price has jumped by more than 11%. Brent crude reached $ 75.32 per barrel and West Texas Intermediate (WTI) crude oil reached $ 73.42 per barrel. If this war continues, there can be a big increase in the price of crude oil. India's import of crude oil will become expensive. This can increase the price of petrol, diesel, gas, ATF etc. in India. What does India import from Israel?
India is Israel's second largest trading partner in Asia and 9th globally. In recent years, there has been an increase in trade in areas such as electronic machinery and high-tech products, medical equipment; communication systems etc. Following items might get costly: Electrical and electronic equipment
Arms and ammunition
Optical, photo, technical and medical equipment
Fertilizers
Machinery, nuclear reactors and boilers
Aluminium, miscellaneous chemical products
Pearls, precious stones, metals and coins
Organic chemicals
Tools made of base metals etc. What does India import from Iran?
India's exports in March 2025 were worth $130 million and imports were worth $43 million. India's exports to Iran between March 2024 and March 2025 grew by $41.5 million (47.1%) from $88.1 million to $130 million, while imports fell by $13.3 million (23.6%) from $56.2 million to $43 million. Following items might get costly: Organic chemicals
Edible fruits, nuts
Mineral fuels, oils
Salt, sulphur, clay, stone, plaster, lime and cement
Plastics and their products
Iron and steel
Vegetable products such as gums, resins and lacs
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Iran-Israel conflict, US rate decision likely to drive markets this week
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India.com
43 minutes ago
- India.com
List of items which may get expensive in India if Iran Israel continues for long, it includes...
New Delhi: The tension between Israel and Iran is escalating with every passing day. As per the latest update, both the countries are launching barrages of missiles at each other, resulting in severe damage on both sides. The conflict between the two nations is likely to escalate in the coming days. Defense experts warn that this war could engulf the entire Middle East region. If the conflict drags on, it will also impact India, as the country has strong trade relations with both nations. It is important to note that India exports a wide range of goods to these countries and also imports various products from them. In this article, we will list the items that are likely to witness a price hike if the war escalates. Notably, India imports over 80 percent oil from countries around the globe. However, India doesn't import much oil directly from Iran, the country plays a significant role among global oil producers. Soon after the war began between Iran and Israel, the crude oil prices surged uncontrollably. Prices have jumped by more than 11 percent, with Brent Crude reaching USD 75.32 per barrel and West Texas Intermediate (WTI) crude hitting USD 73.42 per barrel. If the war continues, crude oil prices could rise even further. Israel has always been a key trading partner of India. India is Israel's second-largest trading partner in Asia and the ninth-largest globally. After Narendra Modi came into power, there has been a significant growth in trade, especially in sectors such as electronic machinery and high-tech products, medical equipment, and communication systems. Key imports from Israel to India include: Electrical and electronic equipment Arms and ammunition Optical, photographic, technical, and medical instruments Fertilizers Machinery, nuclear reactors, and boilers Aluminum and various chemical products Pearls, precious stones, metals, and coins Organic chemicals Tools made of base metals, etc. Between March 2024 and March 2025, India's exports to Iran increased by USD 41.5 million (47.1%), rising from $88.1 million to USD 130 million, while imports fell by USD 13.3 million (23.6%), dropping from USD 56.2 million to USD 43 million. Key imports from Iran to India include: Organic chemicals Edible fruits and nuts Mineral fuels and oils Salt, sulphur, earths, stone, plaster, lime, and cement Plastics and articles made from plastic Iron and steel Vegetable products such as gums, resins, and lac
Mint
2 hours ago
- Mint
Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying ABB India, Godrej Properties shares tomorrow
Stock market news: Equity benchmark indices Sensex and Nifty 50 fell by nearly 1% on Friday, influenced by weak global markets and a surge in Brent crude oil prices following Israel's assault on Iran's capital, which dampened investor sentiment. Experiencing a decline for the second consecutive day, the 30-share BSE Sensex plummeted by 573.38 points or 0.70%, closing at 81,118.60. The Nifty 50 experienced a drop of 169.60 points or 0.68%, ending at 24,718.60. In terms of weekly performance, the BSE benchmark decreased by 1,070.39 points or 1.30%, while the Nifty 50 fell by 284.45 points or 1.13%. Investors were hesitant to engage with riskier assets due to concerns over a potential full-scale war between Israel and Iran, coupled with outflows from foreign funds. On the technical front, Dharmesh Shah, Vice President at ICICI Securities, expects Nifty 50 to hold 24,500 on a closing basis. Shah has recommended two stocks to buy for short-term. Here's what he expects from Indian stock market next week, along with his stock recommendation. Equity benchmark pared early week gains tracking subdued global cues owing to Israel's military strike on Iran. Consequently, Nifty 50 settled at 24,718, down 1.1%. Mirroring the benchmark move, Nifty midcap and small cap snapped 4 weeks winning streak, down 1.2%. Sectorally, profit booking was observed in recently rallied rate sensitives like, realty, financials and auto while IT, Pharma regained lost ground. The weekly price action formed a bear candle while sustaining above key support zone of 24,500, indicating extended breather. Brent crude oil jumped 18% during the week ($78) tracking escalated geopolitical tensions in the oil-rich Middle East. The risk-off sentiment fueled the momentum in safe heaven gold, up 3.5% at $3440. Going ahead, we expect volatility to remain elevated tracking geopolitical worries. Hence, development of geopolitical concern coupled with US Fed policy would have major bearing on the market which would dictate further course of action. Further, it is important to note that despite elevated volatility Nifty 50 managed to hold key support threshold of 24,500 and staged a rebound. Thereby, in the coming week, holding 24,500 on a closing basis would highlight strength and open the door for further pullback wherein immediate resistance is placed at 25,200. In the last four decades there have seen six major geopolitical escalations. On each occasion it formed major bottom once anxiety around the event settled down. Investing in such panic reactions with long term mind set has been rewarding as index has witnessed double digit returns in subsequent three months. In the current scenario, post the kneejerk reaction, we believe market would stabilise. Hence, we advise dips should be capitalised to build quality portfolios from medium to long term perspective. Structurally, the elongation of rallies followed by shallow correction is a perfect recipe of bull market. In current scenario, over past 21 sessions index has retraced merely 23.6% of preceding 25 sessions 16% up move. Slower pace of retracement indicating robust price structure that bodes well for next leg of up move. On the broader market front, Nifty midcap is undergoing healthy retracement after 28% rally which should be used as buying opportunity based on following observations: a) Since April low, Midcap index has not corrected >6% while on the weekly chart it has not closed below its previous week's low. In current scenario, despite ongoing volatility, midcap index has been maintaining the same rhythm. b) Further, the ratio chart of Nifty 500/Nifty 100 has been inching upward that clearly indicates relative outperformance. c) Improving market breadth as currently 55% of stock are trading above 200 days SMA compared to last month reading of 30%. Key monitorable which would provide cushion to the ongoing up move: a) Development of geopolitical concern c) Brent crude is poised at immediate hurdle of $78. Lack of follow through strength would result into consolidation in 78-66 levels d) Despite current decline, Index VIX is trading below immediate hurdle of 16 e) Further weakness in US Dollar index f) Bilateral Trade Agreement between India and US The key support threshold of 24,500 for the Nifty 50 is based on lower band of past four weeks consolidation coincided with 50% retracement of recent rally (23,935-25,222) and Friday's panic low is placed at 24,473. Dharmesh Shah of ICICI Securities recommends buying ABB India, and Godrej Properties shares this week. 1. Buy ABB India shares in the range of ₹ 5,950-6,130. He has ABB India share price target of ₹ 6,860 with a stop loss of ₹ 5,648. 2. Buy Godrej Properties shares in the range of ₹ 2,350-2,470. He has Godrej Properties share price target of ₹ 2,748 with a stop loss of ₹ 2,218. Disclaimer: The Research Analyst or his relatives or I-Sec do not have actual/beneficial ownership of 1% or more securities of the subject company, at the end of 13/06/2025 or have no other financial interest and do not have any material conflict of interest. The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary.
