PSX Drops Over 1,700 Points Amid Middle East Tensions

Middle East reporting stresses that the war and tensions near the Strait of Hormuz threaten a vital route for global oil and gas shipments. Regional voices argue that any miscalculation involving Iran, Gulf states or outside powers could quickly affect energy flows and insurance costs for tankers. They expect that even limited clashes or drone attacks near shipping lanes will keep oil markets tight and leave distant economies like Pakistan exposed.

• •Middle East outlets describe the current fighting as close enough to key shipping routes to worry energy traders.
• •Regional reports warn that a clash involving Iran around Hormuz could disrupt tanker traffic or raise shipping insurance costs.
• •Commentary links recent oil price jumps directly to fears of supply disruption through the Gulf rather than to demand changes.
• •Writers in the region note that Asian importers, including Pakistan, are especially exposed to any blockage of Gulf exports.
• •Some Middle East voices argue that only a credible ceasefire or political deal will ease pressure on oil prices.