New Delhi, June 23 -- With the United States launching strikes on key Iranian nuclear facilities amid the ongoing Israel-Iran conflict, Indian exporters and importers are growing increasingly anxious about the potential fallout.

The Ministry of Commerce and Industry is monitoring the situation closely and is in touch with relevant stakeholders to assess emerging risks and initiate timely interventions if needed, a source confirmed, according to the businessline.

"For India, this is a moment of high stakes-demanding its most delicate diplomatic balancing act yet to safeguard core interests and steer clear of entanglement in a spiralling global conflict," said Ajay Srivastava, Co-founder, Global Trade Research Initiative (GTRI).

Industry...