Last Saturday, Iranian gunboats fired at two India-flagged ships as they tried to exit the Strait of Hormuz (AP Photo) India’s engineering goods exports to the West Asia and North Africa (WANA) region slipped by 50% to $864 million in March against the same period last year, dragged down by Iran war and subsequent closure of the Strait of Hormuz, data released by the Engineering Exports Promotion Council (EEPC) said. Engineering goods comprised nearly a quarter of the total goods that India exported globally in the financial year 2025-26 (FY26). While for the WANA region, the share was nearly 10%. The decline in exports to the West Asia region dragged the overall engineering goods shipments, which range from iron and steel, hand tools, industrial machinery, to automobile components and vehicles, in March to just 1.1%. In contrast, exports had grown 12.90% in February.…