West Asia Crisis: Tension is continuously increasing in West Asia. Tension between the two countries has increased after Iran’s attack on Israel. The effect of which is being seen all over the world. Meanwhile, PM Modi chaired the meeting of the Cabinet Committee on Security on Thursday (October 3) amid renewed tension in West Asia.
The committee of Prime Minister, Home Minister, Defense Minister, Foreign Minister, Finance Minister and National Security Advisor participated in this meeting.
These issues were discussed in the meeting
In this meeting, tensions in West Asia and its impact on trade and supply of petroleum products were discussed in the meeting. India has expressed deep concern over the worsening security situation in West Asia and said that the conflict should not take a widespread form. India has also called for resolving all issues through dialogue and diplomacy.
There will be a negative impact on maritime trade
If tension increases further in West Asia, it will affect not only that region but the entire world. This will affect India’s import-export amidst increasing tension between Iran and Israel. The conflict could significantly increase cargo freight charges as Lebanon’s Iran-backed Hezbollah militants have close ties to the Houthi rebels in Yemen, who carry out frequent attacks on merchant ships carrying cargo through the Red Sea and the Gulf of Aden. Are doing.
Houthi rebels started attacking merchant ships passing through the Red Sea in October last year, which had an impact on trade around the world. India’s petroleum exports also declined. This import had fallen by 37.56 percent to 5.96 billion dollars in August, which was 9.54 billion dollars in the same month of last year. According to the data of 2023, after Suez Canal, India exports 50 percent of its exports through the Red Sea route only. In such a situation, difficulties for India may increase further.