ENA Global 2026-04-08 17:23:56 <p><span style="font-size:14px"><strong>New Delhi, Apr 8 (KNN)</strong> The announcement of a ceasefire between the United States and Iran, along with the reopening of the Strait of Hormuz, is expected to provide immediate relief to Indian exporters by easing shipping disruptions, industry body Federation of Indian Export Organisations (FIEO) said on Wednesday.</span></p> <p><span style="font-size:14px">US President Donald Trump announced a two-week suspension of military strikes, while Iran agreed to allow safe navigation through the crucial shipping corridor. The development has triggered stabilisation across global oil, equity, and currency markets.</span></p> <p><strong><span style="font-size:14px">Short-Term Stability, Long-Term Caution</span></strong></p> <p><span style="font-size:14px">FIEO President S. C. Ralhan said, The ceasefire and reopening of the Strait of Hormuz bring immediate relief to exporters by easing shipping disruptions, high freight rates, and insurance costs, PTI reported.</span></p> <p><span style="font-size:14px">This is expected to ease logistical bottlenecks in the short term. However, he said exporters are likely to remain watchful due to the temporary nature of the truce, adding that sustained stability is essential for restoring confidence and ensuring smooth trade flows.</span></p> <p><strong><span style="font-size:14px">Impact on Logistics and Energy Supplies</span></strong></p> <p><span style="font-size:14px">The recent conflict, including the joint US-Israel strikes on Iran in February, had severely disrupted shipping routes, leading to delays, higher freight charges, and increased insurance premiums.</span></p> <p><span style="font-size:14px">The earlier closure of the Strait of Hormuz&mdash;through which nearly one-fifth of global oil and gas supplies pass&mdash;had led to supply shortages and sharp increases in energy prices across regions, including Asia.</span></p> <p><span style="font-size:14px">Air and sea freight costs also surged, particularly affecting perishable exports such as fruits, vegetables, and marine products, resulting in additional pressure on exporters margins.</span></p> <p><span style="font-size:14px">FIEO noted that while the ceasefire brings temporary relief, long-term stability in the region will be critical for ensuring uninterrupted trade and sustaining export growth.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 45725 https://knnindia.co.in/news/newsdetails/global/us-iran-ceasefire-strait-of-hormuz-reopening-bring-temporary-relief-to-indian-exporters-fieo 2026-04-08 17:23:56 knnindia.co.in