Strait of Hormuz Closure Triggers Global Oil Crisis | Petrol Price Rises in Pakistan
Автор: Ages of Saga
Загружено: 2026-03-07
Просмотров: 1706
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A major global oil crisis is unfolding after the closure of the Strait of Hormuz, one of the world's most important shipping routes for oil. Following this development, oil prices in international markets are rising rapidly.
The impact is now being felt in Pakistan as well. Reports suggest that petrol prices have increased by 55 PKR per liter, bringing the new price to around 321 PKR per liter.
Experts warn that if the Strait of Hormuz remains closed for a longer period, oil prices could rise even further and the global economy may face serious consequences.
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