The ongoing tension between Iran and Israel has its ramifications across the world, and not just in the region. Crisil Ratings has warned of significant margin pressure for some sectors if the situation escalates in the Middle East. “So far, the ongoing uncertainties in the Middle East have not had a significant impact on India Inc’s global trade. However, if the situation deteriorates, some sectors such as basmati rice could see heightened impact and will require monitoring, while others like fertilisers and diamonds — both cut and polished — may also see some impact.” Read more: https://www.fexp.in/SZBfxh