Between Israel and Iran, who is the most special and important for India?

Israel-Iran War: The tension between Iran and Israel has intensified in recent times, which could have a serious impact on regional security and the global economy. Recently, after the assassination of Hamas chief Ismail Haniyeh and Hezbollah leader Hassan Nasrallah, Iran made its position clear by firing 200 ballistic missiles at Israel. Concerns are increasing for India in this conflict, as India has had good relations with both the countries.

Relations with India

Relations between India and Israel have strengthened significantly in the last few years. Since the establishment of diplomatic relations in 1992, bilateral trade has grown rapidly. In the financial year 2022-23, India's exports from Israel were $ 8.45 billion, while imports were $ 2.3 billion. This shows that Israel has become an important trading partner of India. Apart from this, Narendra Modi's visit to Israel also shows the strength of relations between the two countries.

At the same time, India's relations with Iran have historically been strong, especially in the field of energy and infrastructure. India has acquired the right to operate the Chabahar port, which further strengthens its ties with Iran. Nevertheless, trade with Iran has seen a decline in the last five years.

Effect of tension

The growing tension between Iran and Israel can have a direct impact on crude oil prices. India imports 85 percent of its crude oil needs, with major suppliers including Saudi Arabia, Kuwait and Iran. If the conflict escalates, the increase in crude oil prices can become a major challenge for the Indian economy.

Apart from this, the arms trade between India and Israel is also in billions of dollars, which may be affected by this conflict. If the fighting between Iran and Israel escalates, India may need to reconsider its defense relations.

India's policy

It may be difficult for India to maintain a policy of neutrality at this time. If India tries to maintain its relations with Israel, then its relations with Iran may deteriorate. On the other hand, if India tries to get closer to Iran, then it may face the wrath of Israel and the US.

Conclusion

The growing tension between Iran and Israel is not only affecting the regional stability but also creating many challenges for India. India should decide its foreign policy wisely so that it can protect its national interests. It is time to be cautious and consider all the possible consequences so that India can maintain its good relations with both the countries.