Market Brief
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India has begun evacuating its nationals from Iran as fighting between Tehran and Israel intensifies. The Indian Embassy in Tehran had been relocating students to safer locations inside the country since mid-June and advising other Indian residents with their own transport to leave the capital. On 17 June the Ministry of External Affairs said all Indian students in Tehran had been moved out of the city. A day later New Delhi formally launched “Operation Sindhu,” named after the River Indus, to organise departures from Iran. Under the first phase of the operation, 110 students from northern Iran—about 90 of them from Jammu and Kashmir—were escorted across the border into Armenia under the supervision of India’s missions in Tehran and Yerevan. The group boarded a commercial aircraft from Yerevan on 18 June. The flight is expected to land in New Delhi at about 2 a.m. on 19 June, although officials cautioned that schedules could slip because of wider air-traffic disruptions in West Asia. Further advisories will be issued as the situation evolves. The Iranian embassy in New Delhi separately reported that five Indian students sustained minor injuries during a strike on a Tehran dormitory earlier in the week; according to Indian officials, those students were among those now evacuated.