How can new US sanctions impact India’s basmati rice & tea exports to Iran?

US' new sanctions on Iran under Operation Economic Outcast could hit India’s Basmati rice, tea and pharma exports. Indian exporters shipped $383.11 million of rice to Iran in first half of 2026, while tea exports reached $14.34 million. US sanctions could complicate payments and shipping, while scrutiny of UAE-based intermediaries and financial channels may create additional hurdles for exporters.