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BUSINESSAug 2 · 02:45 UTCDAWN[email protected] (Shahid Iqbal)

Iranian oil smuggling drops 60pc, claim sources

Iranian oil smuggling into Pakistan has dropped by 60% following attacks on tankers in Balochistan, which caused significant losses for smugglers. The smuggling decline coincides with the US-Israeli war on Iran, which disrupted global oil transit via the Strait of Hormuz and increased crude oil prices. Pakistan avoided fuel rationing despite reduced smuggling, maintaining a 25-day oil reserve.

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Iranian oil smuggling drops 60pc, claim sources · The Nexus