By S.M.Inam
KARACHI: Rising tensions from the Iran–Israel conflict have sparked fears of a major energy crisis for Pakistan after Iran reportedly closed the strategic Strait of Hormuz, a vital route for global oil and LNG shipments.
The closure threatens Pakistan’s fuel imports, as around 80% of its oil and nearly 90% of LNG cargoes pass through the strait. Experts warn that limited reserves, currently just enough for 28 days, could leave the country vulnerable to supply disruptions.
Global crude prices have already risen by $10–$13 per barrel, and analysts fear the impact could worsen Pakistan’s trade deficit by $5–$7 billion if prices reach $100 per barrel. Energy specialists emphasize the need for strategic fuel storage and a shift toward domestic energy sources to reduce dependency on imports.
Even if hostilities end quickly, experts warn the economic and energy repercussions could last for months, underlining the urgency for Pakistan to strengthen local energy production and strategic reserves.
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