The Iranian government has agreed to allow three tankers carrying Iranian oil to enter Pakistan. According to sources, the three tankers will arrive in Pakistan from Kuwait, carrying a large shipment of oil. Special Assistant to the Prime Minister on Crypto Council, Bilal Bajwa, stated that the crisis in the Strait of Hormuz has moved beyond oil and is now affecting the global supply chain. He claimed that the oil shock is just the first phase, and the real crisis is yet to come.
In an effort to mitigate the impact of increased prices of petroleum products on the public, the Ministry of Finance has taken a significant step. After a three-week hiatus, Chinese shipping giant Cosco has resumed new bookings for shipments from some Gulf countries. The global gold market has seen a significant increase, with the price of gold rising to $4,565 per ounce, up from $4,456 per ounce. The Pakistan Stock Exchange has also released its weekly update, with the global gold market experiencing a surge in demand.
According to the Iranian Press TV, Iranian officials have reviewed American proposals and deemed them unsuitable. In a statement on social media, Mohammad Baqer Qalibaf, a senior Iranian official, stated that Tehran is closely monitoring all American activities, particularly military deployments, in the region. Iranian Foreign Minister has been in contact with his counterparts in neighboring countries, including Pakistan, according to the Iranian Foreign Ministry spokesperson.
Cosco, a Chinese shipping giant, has resumed new bookings for shipments from some Gulf countries after a three-week hiatus. The Ministry of Finance has taken a significant step to mitigate the impact of increased prices of petroleum products on the public. Experts have warned that persistent back pain should not be ignored, as it can be a sign of liver cancer.
