Karachi (Commerce Desk): Following attacks by United States and Israel on Iran, vulnerabilities in the global energy supply system have become apparent, posing serious risks for energy-dependent nations.
Reports indicate that Qatar Energy has halted spot cargo deliveries, and Iran has threatened to close the Strait of Hormuz, creating uncertainty in the international market. The Strait of Hormuz is one of the world’s most important maritime chokepoints, with nearly 20 million barrels of oil passing through daily—accounting for about 30% of seaborne oil trade globally.
For Pakistan, this situation is particularly concerning, as approximately two-thirds of its LNG supply passes through this route. Experts warn that every $10 increase in global oil prices could add $1.5 to $2 billion annually to Pakistan’s current account deficit.
Analysts have emphasized that in this scenario, developing local energy resources has become a national priority for Pakistan. The coal reserves in Thar
