Global oil prices rose sharply on Monday after renewed military tensions between the United States and Iran, coupled with Israel’s decision to push further into Lebanon, heightened concerns over energy supplies from the Middle East. Brent crude climbed above $93 per barrel, while US West Texas Intermediate (WTI) crude rose above $90, reversing some of...
Tag: Middle East crisis
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Gwadar Port gains strategic importance amid Strait of Hormuz crisis
Gwadar Port is rapidly gaining strategic and economic importance as tensions in the Strait of Hormuz continue to disrupt regional shipping routes and global energy trade. Officials and analysts believe the port could serve as a safer alternative corridor for trade and logistics during the ongoing crisis. According to Gwadar Port Authority Chairman Noorul Haq...
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Pakistan Strongly Condemns Israeli Aggression Against Lebanon: FO
Pakistan has strongly condemned Israeli military aggression against Lebanon, with the Foreign Office (FO) calling the attacks a serious violation of international law and humanitarian principles. In an official statement, Islamabad expressed deep concern over the escalating violence, which has resulted in civilian casualties and widespread destruction of infrastructure. The FO stated that Israel’s actions...