Strait of Hormuz
Oil Tops $90 Again, Raising Concerns Over Another Fuel Price Hike in Pakistan
International oil prices have climbed above $90 per barrel again, increasing the possibility of another rise in petrol and diesel prices in Pakistan if global market trends continue to put pressure on domestic fuel costs. Brent crude settled at $90.87 per barrel on August 17, marking a gain of more than $2 as concerns over […]
Pakistan Forced to Buy Costliest LNG Cargo in Four Years as Global Supply Tightens
Pakistan has been compelled to purchase one of its most expensive liquefied natural gas (LNG) cargoes in the past four years as geopolitical tensions in the Middle East continue to disrupt global energy markets. The latest procurement reflects the growing pressure on LNG-importing countries as supply constraints push spot prices higher across Asia. According to […]