ISLAMABAD: (PNP) Pakistan has issued a strong warning over the security of an oil tanker stranded near Saudi Arabia’s East-West pipeline, saying any attack on the vessel would be treated as an “act of war” as Islamabad considers ways to protect its fuel supplies amid growing disruption in regional energy routes. Petroleum Minister Ali Pervaiz…
Oil Prices climbed by more than 2% in international trading after Israeli military strikes in Lebanon intensified concerns over stability in the Middle East, one of the world’s most important energy-producing regions. The increase reflected growing market anxiety that an expansion of regional tensions could disrupt energy supplies, shipping routes, or investor confidence at a…
The Strait of Hormuz has once again become the center of global attention as rising tensions between Iran, the United States, and Israel threaten one of the world’s most important energy corridors. In a major development, a Qatari LNG tanker safely crossed the Strait of Hormuz and headed toward Pakistan’s Port Qasim, marking the first…
