BR100 Increased By (0.11%)
BR30 Decreased By (-0.26%)
KSE100 Increased By (0.12%)
KSE30 Increased By (0.09%)
AGHA 7.79 Increased By ▲ 0.04 (0.52%)
BECO 5.23 Increased By ▲ 0.04 (0.77%)
BML 57.26 Decreased By ▼ -1.40 (-2.39%)
BOP 34.10 Increased By ▲ 0.41 (1.22%)
CNERGY 9.92 Decreased By ▼ -0.69 (-6.5%)
CSIL 5.35 Increased By ▲ 0.05 (0.94%)
FCCL 54.61 Increased By ▲ 0.87 (1.62%)
FFL 16.70 Increased By ▲ 0.24 (1.46%)
FNEL 1.24 Increased By ▲ 0.02 (1.64%)
KEL 7.42 Increased By ▲ 0.14 (1.92%)
KOSM 5.75 Increased By ▲ 0.11 (1.95%)
LOTCHEM 29.35 Decreased By ▼ -0.30 (-1.01%)
MLCF 94.35 Decreased By ▼ -2.01 (-2.09%)
NBP 202.70 Decreased By ▼ -0.83 (-0.41%)
NCPL 57.00 Increased By ▲ 0.15 (0.26%)
NPL 67.78 Increased By ▲ 0.47 (0.7%)
OGDC 316.40 Decreased By ▼ -1.82 (-0.57%)
PACE 10.64 Increased By ▲ 0.01 (0.09%)
PAEL 43.15 Increased By ▲ 1.38 (3.3%)
PIBTL 16.72 Decreased By ▼ -0.09 (-0.54%)
PPL 220.50 Increased By ▲ 0.33 (0.15%)
PRL 49.05 No Change ▼ 0.00 (0%)
PTC 70.98 Increased By ▲ 0.97 (1.39%)
SSGC 28.17 Decreased By ▼ -0.97 (-3.33%)
TBL 9.90 Increased By ▲ 0.13 (1.33%)
TELE 8.80 Decreased By ▼ -0.02 (-0.23%)
TPL 18.14 Increased By ▲ 0.97 (5.65%)
TPLP 13.40 Increased By ▲ 0.89 (7.11%)
TREET 22.75 Increased By ▲ 0.16 (0.71%)
TRG 60.30 Increased By ▲ 0.08 (0.13%)
Markets

Pakistan-bound oil tanker passes through Hormuz Strait amid Iran war

  • Iran has attacked several ships in the Gulf, in effect closing the strait
Published Updated
By

KARACHI: Ship-tracking data shows a Pakistan-bound oil tanker passing through the Strait of Hormuz over the weekend, indicating that some countries are able to negotiate safe passage for their vessels despite the U.S.-Israeli war on Iran.

Pakistan-bound oil tanker passes through Hormuz Strait amid Iran war

Since the war began more than two weeks ago, Iran has attacked several ships in the Gulf, in effect closing the strait, conduit for a fifth of the world’s crude oil and liquefied natural gas, and driving up global energy prices.

Iran has, however, let some vessels through. Treasury Secretary Scott Bessent said on Monday that the U.S. believed some Indian and Chinese as well as Iranian fuel tankers had passed through the strait.

The Kpler data provider MarineTraffic said the Karachi was “the first non-Iranian cargo to transit the chokepoint while broadcasting its AIS signal, suggesting that select shipments may be receiving negotiated safe passage” in a post on X.

Pakistan walks diplomatic tightrope amid Iran war

The Aframax tanker Karachi, operated by Pakistan National Shipping Corporation, transited the strait around March 15 after loading crude at Das Island in Abu Dhabi, and is expected to arrive at Karachi on March 17, according to LSEG vessel-tracking data.

Also read: Trump says some countries are not enthusiastic about helping unblock Hormuz strait

The data shows the vessel sailing along the Iranian side of the strait before turning east toward Pakistan.

Pakistan relies heavily on imported crude and refined fuels from Gulf producers, most of which come through the Strait of Hormuz.

It has good ties with Iran while also maintaining close relations with Washington and Saudi Arabia, with which it has a mutual defence pact, leaving Islamabad walking a diplomatic tightrope as tensions escalate.

Iranian Foreign Minister Seyed Abbas Araghchi thanked Pakistan for its “solidarity” in a post on X on Monday.

Pakistan’s navy last week launched an operation to safeguard shipping lanes, including escorting merchant vessels.

A military source told Reuters the navy had contacted Iranian counterparts. “No escort was needed, being Pakistani vessels,” the source added.

Pakistan’s navy and military, as well as the foreign, petroleum and information ministries, did not immediately respond to requests for comment.

Another PNSC tanker, the Lahore, which loaded crude at Saudi Arabia’s Red Sea port of Yanbu, was about three vessel days from Pakistan, LSEG vessel data showed.

The finance ministry on Monday said Pakistan held “comfortable” petroleum stocks, with supply secured for March and cargo coverage into mid-April. It also said Pakistan was diversifying its fuel imports.

Comments

200 characters remaining