Bandar Abbas Port stalled due to US, Israel-Iran war, deepening crisis on India’s Basmati rice export
The intensifying war between America, Israel and Iran in the Middle East is now cutting the arteries of maritime trade. Bandar Abbas, Iran’s most important and busiest port, is now almost completely closed. The Strait of Hormuz is under threat, insurance cover on ships is being canceled and freight rates have more than doubled. Its…