India, March 6 -- Expressing grave concern over the escalating geopolitical developments in the Middle East, the Indian trade and industry fraternity on Wednesday called for immediate de-escalation to safeguard global trade and energy security.

The industry body emphasised that the region remains a vital hub for international commerce, hosting maritime corridors essential for the movement of nearly one-fifth of the world's daily oil supply.

Speaking on the volatility, Vijay Kalantri, President of the All-India Association of Industries (AIAI) and Chairman of World Trade Centre Mumbai, noted that the global business community is closely monitoring the situation. "Stability in this region is vital to ensure the uninterrupted movement of g...