Pakistan Trade Faces Delays and Higher Costs as Strait of Hormuz Disruption Hits Shipping Routes
Escalating Middle East conflict and closure of the Strait of Hormuz are causing delays, higher freight charges, and increased insurance costs for Pakistan’s trade, with major shipping lines halting services and imposing contingency surcharges.
European Natural Gas Prices Surge as Middle East Tensions Disrupt Qatar LNG Production
European and UK natural gas prices spike up to 45% after Qatar halts LNG production amid US-Israel strikes on Iran and Strait of Hormuz disruption, raising global energy supply concerns.