Tag: Strait of Hormuz closure
Posted in Economy
Basmati prices may fall 5–10% as Strait of Hormuz closure hits exports
Kolkata: Iran’s announcement of closing the Strait of Hormuz to shipping is expected to impact both the basmati rice and tea exports from India. Basmati…
Posted in Economy
Oil price shock to widen current account deficit, push inflation higher as US-Iran war continues: Expert
New Delhi: With no sign of the US-Iran war ending and global oil prices likely to reach record highs within a quarter, Santosh Mehrotra, former…
Posted in Economy
Not going, bananas: Ramzan ripe time for most-exported fruit but Iran war a spoiler
Pune: Bananas-India’s top fruit export by volume-have become the unlikely casualty of the festering conflict in West Asia. The closure of Strait of Hormuz, the…