Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Petrol, diesel prices may see sharp increase if Middle East conflict continues

    March 4, 2026

    Kraken Secures Federal Reserve Master Account: WSJ

    March 4, 2026

    Battlefield Redsec Is Dumping Wildly Overpowered Marauder Marauder From Battle Royale

    March 4, 2026
    Facebook X (Twitter) Instagram
    Wednesday, March 4
    Trending
    • Petrol, diesel prices may see sharp increase if Middle East conflict continues
    • Kraken Secures Federal Reserve Master Account: WSJ
    • Battlefield Redsec Is Dumping Wildly Overpowered Marauder Marauder From Battle Royale
    • United Nations Development Programme UNDP Lahore Job 2026 2026 Job Advertisement Pakistan
    • Ontario students plan demonstration over Ford government’s OSAP changes
    • China develops AI able to summary thought
    • Iran women’s team have ‘so much concern’ about families at home
    • Eight Sleep raises $50M at $1.5B valuation
    • PSX plunges 1,350 factors on geopolitical tensions
    • Brain training reduces dementia risk by 25%, finds study
    Facebook X (Twitter) Instagram Pinterest Vimeo
    The News92The News92
    • Home
    • World
    • National
    • Sports
    • Crypto
    • Travel
    • Lifestyle
    • Jobs
    • Insurance
    • Gaming
    • AI & Tech
    • Health & Fitness
    The News92The News92
    Home - Business & Economy - Pakistan seeks alternative oil supply route via Saudi Arabia after Hormuz Strait closure
    Business & Economy

    Pakistan seeks alternative oil supply route via Saudi Arabia after Hormuz Strait closure

    Naveed AhmadBy Naveed AhmadMarch 4, 2026No Comments3 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Federal Minister for Petroleum, Ali Pervaiz Malik, holds meeting with Nawaf bin Said Al-Malki, Ambassador of the Kingdom of Saudi Arabia to Pakistan, in Islamabad, March 4, 2026. — Petroleum Division
    Federal Minister for Petroleum, Ali Pervaiz Malik, holds meeting with Nawaf bin Said Al-Malki, Ambassador of the Kingdom of Saudi Arabia to Pakistan, in Islamabad, March 4, 2026. — Petroleum Division 
    • One crude vessel assured for dispatch to Yanbu.
    • Saudi envoy pledges emergency energy support to Pakistan.
    • Govt monitors supply chain situation on daily basis: Malik.

    ISLAMABAD: Pakistan on Wednesday sought an alternative oil supply route through Saudi Arabia’s Red Sea port of Yanbu after Iran announced the closure of the Strait of Hormuz, a development that threatens a major portion of global energy flows.

    The request was made by Federal Minister for Petroleum Ali Pervaiz Malik to the Saudi ambassador to Pakistan, Nawaf bin Said Al-Malki, during a meeting, according to a statement by the petroleum division.

    The minister briefed the ambassador on the fast-evolving regional situation and its implications for international energy markets, noting that the bulk of Pakistan’s oil and energy supplies normally pass through the Strait of Hormuz.

    He said the government is closely monitoring developments on a daily basis and making active efforts to ensure the continuity of the country’s energy supply chain, adding that support from brotherly countries, particularly Saudi Arabia, is critical for Pakistan in the current circumstances.

    According to the minister, Saudi authorities have assured Pakistan that oil supplies can be facilitated through the port of Yanbu on the Red Sea to help meet the country’s energy needs.

    He said Saudi Arabia is already extending practical support, and that one vessel has been assured dispatch from Pakistan to the port of Yanbu for lifting crude oil for Pakistan. The minister also expressed hope that oil supplies from Yanbu would be prioritised for Pakistan.

    Malik thanked the Kingdom for its continued assistance and said Pakistan deeply valued Saudi Arabia’s cooperation during the ongoing crisis.

    The Saudi ambassador, for his part, said the Kingdom was fully aware of the regional developments and reaffirmed that Saudi Arabia would stand firmly with Pakistan to meet any emergency energy requirements. He described Pakistan and Saudi Arabia as brotherly nations and said both would continue to support each other, particularly in testing times.

    The move follows a stark warning from Iran after a senior official of the Islamic Revolutionary Guards announced that the Strait of Hormuz had been closed and that any vessel attempting to pass through the waterway would be targeted following the United States-Israel attack.

    Iranian state media quoted Ebrahim Jabari, a senior adviser to the Guards’ commander-in-chief, as saying the strait was shut and that Revolutionary Guards and naval forces would attack any ship attempting transit.

    This was Tehran’s most explicit warning after it indicated that it would close the key export route, a step that risks choking a significant share of global oil supplies and driving crude prices sharply higher.

    The Strait of Hormuz is regarded as the world’s most vital oil export corridor, linking major Gulf producers — including Saudi Arabia, Iran, Iraq and the United Arab Emirates — to the Gulf of Oman and the Arabian Sea.

    By announcing the closure, Tehran acted on long-standing threats to block the narrow waterway in retaliation for any military action against the Islamic Republic.

    Roughly one-fifth of the world’s daily oil consumption passes through the Strait of Hormuz, which narrows to about 33 kilometres at its tightest point.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticlePakistan registers second mpox-linked death
    Next Article Physical Intelligence Team Unveils MEM for Robots: A Multi-Scale Memory System Giving Gemma 3-4B VLAs 15-Minute Context for Complex Tasks
    Naveed Ahmad
    • Website
    • Tumblr

    Related Posts

    Business & Economy

    Petrol, diesel prices may see sharp increase if Middle East conflict continues

    March 4, 2026
    Business & Economy

    PSX plunges 1,350 factors on geopolitical tensions

    March 4, 2026
    Business & Economy

    Rs1b simulation-based coaching proposed

    March 4, 2026
    Add A Comment
    Leave A Reply Cancel Reply

    Demo
    Top Posts

    How to Get a Bigger Penis – The Stem Cell Secret to Natural Penis Enlargement & A Quiz

    February 22, 20261 Views

    10 Totally different Methods to Safe Your Enterprise Premises

    February 19, 20261 Views

    Oatly loses ‘milk’ branding battle in UK Supreme Courtroom

    February 12, 20261 Views
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews

    Subscribe to Updates

    Get the latest tech news from FooBar about tech, design and biz.

    Demo
    Most Popular

    How to Get a Bigger Penis – The Stem Cell Secret to Natural Penis Enlargement & A Quiz

    February 22, 20261 Views

    10 Totally different Methods to Safe Your Enterprise Premises

    February 19, 20261 Views

    Oatly loses ‘milk’ branding battle in UK Supreme Courtroom

    February 12, 20261 Views
    Our Picks

    Petrol, diesel prices may see sharp increase if Middle East conflict continues

    March 4, 2026

    Kraken Secures Federal Reserve Master Account: WSJ

    March 4, 2026

    Battlefield Redsec Is Dumping Wildly Overpowered Marauder Marauder From Battle Royale

    March 4, 2026

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Facebook X (Twitter) Instagram Pinterest
    • About Us
    • Contact Us
    • Privacy Policy
    • Terms & Conditions
    • Advertise
    • Disclaimer
    © 2026 TheNews92.com. All Rights Reserved. Unauthorized reproduction or redistribution of content is strictly prohibited.

    Type above and press Enter to search. Press Esc to cancel.