Exporters

Trade Risk Assessment: Commerce Ministry Summons Exporters and Shipping Chiefs as Hormuz Blockage Looms

Trade Risk Assessment: Commerce Ministry Summons Exporters and Shipping Chiefs as Hormuz Blockage Looms

NEW DELHI (Gurpreet Singh) — The Union Commerce Ministry has convened an emergency high-level meeting on Monday, March 2, 2026, to evaluate the growing threat to India’s trade interests following the dramatic escalation of the Middle East conflict. The hybrid-mode session will bring together senior government officials, representatives from the Federation of Indian Export Organisations (FIEO), major shipping lines, and freight forwarders to assess the viability of critical maritime corridors and the potential for a massive spike in logistics costs. The immediate trigger for the meeting is the reported unofficial "blockage" of the Strait of Hormuz by Iran’s Revolutionary Guard…
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