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…
Related Posts
Unemployment edges up to 7% in Pakistan, shows data
A man sits idly in front of closed shops along a roadside in Peshawar on September 2, 2023, during a nationwide strike by traders. — AFPPBS shares LFS FY25 findings during recent DataFest conference.Experts raise some questions on ICT data for employment. Govt likely to…
Crude oil rockets to 4-year high as traders price in prolonged Iran blockade
A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, US, June 9, 2016. — ReutersStrait of Hormuz concerns deepen, raising supply disruption fears.US Treasury yields hit one-month high amid…
Pakistan receives second US crude oil shipment
This picture taken on shows a view of an oil tanker on October 31, 2022.— AFP/FileTanker MT Albany berths at Cnergyico’s SPM terminal near Hub.Vessel carrying 1m barrels of premium West Texas Intermediate.Reflects change in traditional reliance on Middle Eastern suppliers.