Chairman of Iran's Shipping Association's Container Committee says 40% of Iran's trade can be transferred to land routes and corridors; up to 15 percent of Iran's total transit volume can be transferred to the North-South Corridor, Fars reports

The statement on Iran's shipping capabilities indicates a potential shift in trade dynamics, particularly regarding the utilization of land routes and the North-South Corridor. This could signify an effort by Iran to enhance trade resilience amidst sanctions, impacting regional trade flows and possibly influencing commodities and currency valuations as geopolitical tensions evolve.