Pakistan Scrambles for Oil Alternatives as Hormuz, Red Sea Risks Mount
Pakistan’s refiners are inquiring traders about potential crude oil supply from the U.S., Nigeria, Singapore, and central Asia, amid the escalating crisis in the Middle East that threatens supply from both the Strait of Hormuz and the Red Sea. Following a meeting with the federal minister for petrol
Source: OilPrice.com
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DW NOTE
Pakistan is one tanker interdiction away from fuel rationing. The country imports 78% of its oil — most of it through the Strait of Hormuz, which has been at near-standstill for weeks. With Red Sea traffic still compromised by Houthi attacks and Hormuz now functionally closed, Islamabad's options are Russian crude via overland pipeline or rationing. Neither is politically stable.