New Delhi, Jan. 14 -- India's basmati rice trade with Iran is facing a fresh bout of uncertainty as the US has threatened 25% tariff on countries that trade with unrest-hit Tehran, a development that threatens to disrupt exports and has prompted the commerce ministry to step in. The ministry will hold consultations with exporters to assess the impact and safeguard shipments to Iran, two people in the know said. The date of the meeting is yet to be finalized.

Iran is India's third-largest market for its famed basmati rice, having exported 599,000 tonnes worth $468.1 million during April-November 2025.

Exporters say the lack of clarity on whether the tariff would apply only to US-bound goods or also to India-Iran trade has made it difficu...