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Iran-Israel War Impact: Oil, Rice, Pulses & Exports: What It Means for Indian Consumers? - Shah Enterprises The Iran-Israel conflict is affecting India’s economy. Oil prices are rising. Rice, pulses, and textile exports face delays. Shipping risks near the Strait of Hormuz could increase freight costs and pressure current Indian rice prices. From fertilisers to electronics, several sectors hang in the balance if tensions escalate further.
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