New Delhi, March 19 -- The US and Israel launched strikes against Iran three weeks ago, and there seems to be no end in sight so far. The conflict, which appears to be escalating and plunging the Middle East into a deeper military confrontation, has rattled several sectors, including global energy markets, aviation, and tourism.

Another industry experiencing the Middle East's impact is the semiconductor industry. According to a CNBC report, European companies that import semiconductors from Asia are now paying more for deliveries and tapping into backup stores as the Middle East conflict has disrupted air freight routes across the region.

Citing data from DSV, the report said that the Iran war has caused disruptions to cargo routes as b...