# US sanctions on Iran cast shadow on Indian exports - The HinduBusinessLine

> New US sanctions against Iran were set to take effect, raising uncertainty over whether food and medicine would be exempt. Indian rice and tea exporters are assessing the impact, which depends on exemptions and the payment mechanism for oil imports.

- Date: 2018-08-06 · published 2018-08-06T12:00:00.000Z
- Category: geopolitics · region Iran · magnitude medium
- Page: https://feedsoft.ai/events/63495-us-sanctions-on-iran-cast-shadow-on-indian-exports-the-hindubusinessline
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Sanctions that restrict Iranian dollar payments could disrupt Indian basmati rice shipments to a major buyer, putting modest downward pressure on Indian rice export volumes and prices.

## Read by commodity

- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2019-05-01 | [How the US move on Iran oil could hit India's basmati rice exports \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/59033-how-the-us-move-on-iran-oil-could-hit-india-s-basmati-rice-exports-economy-and.md) | +3.6% | +14.0% |
| RICE | 2026-03-05 | [How West Asia conflict has hit India’s rice exports, left thousands of containers stuck at ports \| Explained News - The Indian Express](https://feedsoft.ai/events/12572-how-west-asia-conflict-has-hit-india-s-rice-exports-left-thousands-of.md) | +5.1% | +8.1% |
| RICE | 2019-02-12 | [Gulf threats could put the mockers on India’s grand new agri-export policy](https://feedsoft.ai/events/60566-gulf-threats-could-put-the-mockers-on-india-s-grand-new-agri-export-policy.md) | -3.9% | +2.1% |
| RICE | 2020-02-29 | [Coronavirus in Iran takes a toll on basmati exports, domestic prices fall \| Commodity - Food & Edible Oils - Business Standard](https://feedsoft.ai/events/54551-coronavirus-in-iran-takes-a-toll-on-basmati-exports-domestic-prices-fall.md) | -4.7% | +3.4% |
| RICE | 2020-01-08 | [US-Iran crisis hits rice exporters, hundreds of containers struck at Gujarat port](https://feedsoft.ai/events/55049-us-iran-crisis-hits-rice-exporters-hundreds-of-containers-struck-at-gujarat-port.md) | +1.7% | +5.5% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/news/world/us-sanctions-on-iran-may-cast-shadow-on-indian-exports/article24617261.ece

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.