Tag: energy crisis

Pakistan is grappling with a significant fuel crisis as the Iran war disrupts oil supplies, leading to emergency austerity measures.

Crude oil prices have crossed $100 a barrel as the conflict in Iran escalates, with Brent crude reaching $119 per barrel, the highest since July 2022.

Bahrain’s state oil company Bapco has declared force majeure on its shipments following an Iranian attack that set its refinery ablaze, causing significant market disruption.