Indian Express reported that new sanctions by the administration of Donald Trump, the U.S. president, against the Islamic Republic could severely disrupt India’s exports of rice, tea and pharmaceutical products to Iran.

According to the newspaper, Washington has warned that companies and countries that continue trading with Tehran may be sanctioned and could lose access to the U.S. financial system.

Iran’s trade with India has fallen from $17.03 billion in the fiscal year 2018-2019 to $1.63 billion in the fiscal year 2025-2026, and India’s exports now make up more than 90% of it.

Iran is the second-largest market for premium rice in India, and New Delhi exported about $383 million worth of rice to Iran in the first half of 2026. Exports of tea and pharmaceutical products are also at risk of disruption due to their reliance on payment routes through the United Arab Emirates.

Indian Express added that in the first half of 2026, India imported about $707 million worth of crude oil from Iran, but the new sanctions could also stop this trade. Financial routes via the UAE are also facing new restrictions.