-Abhishek Vij Since the war broke out between the US, Israel, and Iran, the Strait of Hormuz has become a focal point. The supply of oil and gas from the Gulf to most countries around the world through the Strait of Hormuz has been disrupted. This has led to a surge in global crude oil.
Amid blockade of the Strait of Hormuz due to the Iran-US conflict, the Pakistan government has raised the price of high-speed diesel (HSD) by Pakistani Rupees (PKR) 19.39 per litre and the price of petrol by PKR 6.51 per litre for one-week, local media reported on Friday.
