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Policy● Neutral for Indian equities
India extends insurance support for exporters hit by West Asia disruptions
The brief
- Exporter insurance support extended until March 2027 amid West Asia disruptions
- Disruptions are pushing up shipping, freight and insurance costs
- Higher freight and insurance costs affect Indian exporters and insurers, including New India Assurance
- GE Shipping rides high freight rates, builds cash for the next cycle
- Middle East crude flows recover to 98% of pre-war levels despite shipping risks
- Iraq turns to Syria for gasoline as Strait of Hormuz closure disrupts fuel supplies
- Jaishankar Warns Of 'Major Food Crisis' In Coming Months Amid Disrupted Grain Shipments, Fertilizers Shortage, Super El Nino
- Higher outflow from Hormuz could unwind premiums; oil may correct by 10-15%