Rising oil prices jolt Pakistan’s fragile economy

Luojiashan tanker sits anchored in Muscat, as Iran vows to close the Strait of Hormuz, amid the US-Israeli conflict with Iran, in Muscat, Oman, March 7, 2026. — ReutersPakistan imports over 85% of crude via Hormuz.Fuel prices raised 20% to curb hoarding.Farmers fear rising diesel…

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