New Delhi, Feb. 28 -- The Federation of Indian Export Organisations (FIEO) on Saturday warned that the escalating conflict in West Asia could significantly disrupt global logistics channels, increase freight and insurance costs, and put pressure on supply chains and currency stability.

SC Ralhan, President of FIEO, said the ongoing conflict has already begun to alter established trade routes.

"The ongoing conflict has already begun to disrupt established global logistics channels. Air routes are being altered, and maritime trade through the Red Sea and key Gulf straits faces heightened uncertainty. If diversions become prolonged, shipments may increasingly have to reroute via the Cape of Good Hope, adding an estimated 15-20 days to tran...