Donald Trump has once again threatened Iran. Trump says that if Iran does not listen to America about the new nuclear deal, military action will be taken against him. After this statement of the US President, there has been a renewed conflict in the Middle East and in such a situation, India is not untouched by this. Due to the increasing tension of America-Iran, India may also have to suffer losses in business and security matters.
In a phonic interview to NBC News, Trump threatened Iran and said, ‘If Iran refuses to deal, then we will bomb Iran, which he would never have seen before’. Iran has also retaliated over Trump’s threat. Iran’s Supreme Leader Ayatollah Ali Khamenei, while warning America, said, ‘Iran will also give a befitting reply. Our missiles are ready for air strike. There will be attacks on America related bases worldwide.
What will be the effect on India-
India Middle East Europe Economic Corridor
Trump’s threat to Iran will have a major impact on India Middle East Europe Economic Corridor. India will have to pass through the Suez Canal to deliver its goods to Europe, which is very important for the Middle East. Funding to build this corridor will also have a big impact.
Effect on oil imports
India is the largest buyer of Iran’s oil. In such a situation, if there is war in America-Iran, then India will have to move to another country for oil and India will be more expensive than Iran.
Effect on trade
India and Iran also have an agreement on trade. Due to the ban imposed on Iran, India’s trade has reduced considerably and now India will have to suffer a lot of loss. In the year 2018-19, India-Iran’s trade was $ 17 billion, which was 2022-23 to $ 2.3 billion.
Chabahar port
India has invested billions of dollars in Chabahar Port connecting India-Iran. It is part of the International North-South Transport Corridor (INSTC). It helps India to get better access to Russia, and Europe markets besides Iran and Afghanistan. If Trump attacks Iran, India will face a lot of problems in business and will have to suffer a lot of losses.
Also read:
https://www.abplive.com/news/world/donald-trump-threatened-to-bomb-iran-over-new-nuclear-deal-if-there-is-war-between-us-iran-what-will-be-impact-on-india-2916207
