He said there is “some impact on the overall trade environment” as the conflict affects movement of goods and raises logistics costs.
The commerce ministry is expected to announce support measures to help exporters manage the disruption.
Iran war: Catch all live updates
The crisis follows a joint attack by the US and Israel on Iran last month, which has disrupted shipping and air routes in West Asia. This has led to a rise in oil prices and increased sea and air freight rates, along with higher insurance premiums.
India’s exports to West Asia stood at $58.8 billion in 2024-25. Exporters from sectors such as dry fruits and fruits and vegetables have reported delays and operational issues.
An inter-ministerial group is monitoring developments daily and engaging with exporters. “This is a collaborative exercise which will carry on because challenges will occur as we go along,” Agrawal had said earlier this week.Also Read: India sends additional warships near Gulf of Oman to escort fuel ships amid Israel-Iran war
Departments including shipping and customs have introduced measures to support exporters. The Customs department has issued norms to handle export cargo returning to Indian ports due to disruptions in maritime routes, including the closure of the Strait of Hormuz.