Conflict & Commerce: How India's trade with Israel and Iran has changed
India’s trade with Iran has become a tenth of what it used to be a decade ago, while its business with Israel has remained unchanged in the same period, according to a Moneycontrol analysis. As US sanctions impacted oil shipments from Iran, India’s trade with the country shrank to $2.5 billion in FY24 compared with $26.5 billion a decade ago.