The tension between Iran and Israel has reached new heights, sending ripples through the global supply chain and causing concerns for Indian exporters. The recent capture of the MSC Aries by Iranian forces has exacerbated an already precarious situation, raising fears of further disruptions and soaring freight costs. The incident unfolded against a backdrop of heightened geopolitical tensions. Iran, embroiled in multiple conflicts with Israel and its allies, had previously issued warnings about closing the Strait of Hormuz—an act that could have significant repercussions for global trade. The latest escalation can be traced back to an attack in Damascus, which heightened the existing geopolitical tensions between Iran and Israel. Iranian forces seized the MSC Aries, a 14,000-teu vessel operating on MSC’s India-Europe service, adding fuel to the fire and intensifying concerns about supply chain disruptions.
