Pakistan seeks Saudi oil supplies via Yanbu port after Hormuz disruption
ReutersMar 4, 2026 6:39 AM
KARACHI, March 4 (Reuters) - Pakistan has asked Saudi Arabia to route oil supplies through the Red Sea port of Yanbu after the closure of the Strait of Hormuz disrupted shipping, the petroleum ministry said in a press release on Wednesday.
Riyadh has assured Islamabad it would support energy supplies and secure deliveries via the alternative route, the ministry said.
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
Middle East Conflict Escalates, Global Stocks and Bonds Fall, Was It Really Caused by One Sentence From Trump?
TradingKey - On Tuesday local time, the escalation of conflict in the Middle East triggered intense global market volatility. Gold (XAUUSD), bonds, and stocks fell in tandem, an unconventional movement that shattered the conventional logic of "buying safe havens during turmoil and trading stocks during stability."TradingKey
4 hours ago
Gold’s $5,000 Breaking Point: Why the Middle East Crisis Isn't Saving the Bulls
As US-Iran tensions continue to escalate, gold prices saw a sudden plunge. Has the metal already peaked?TradingKey
6 hours ago
US-Iran Conflict Escalates: Why Did US Stocks Rise While Treasuries Plunged? Goldman Sachs Points to "Hidden Factors"
TradingKey - Despite the widening conflict in the Middle East and consecutive attacks on U.S. diplomatic facilities, the U.S. stock market’s reaction has remained unusually calm. On Monday, March 2 (ET), the three major U.S. stock indices opened lower but subsequently rebounded. By the close, the NaTradingKey
22 hours ago
Cardano’s Enterprise Pivot: Strategic 2030 Roadmap and ADA Price Projection
An analysis of Cardano’s strategic transition from a research-focused blockchain to a commercially-driven enterprise powerhouse through its "Vision 2030" roadmap. This report explores key 2026 milestones—including the Ouroboros Leios upgrade and the Version 11 hard fork—alongside institutional catalTradingKey
Tue, Mar 3
Partnering With Lumentum and Coherent, Can Nvidia’s $4 Billion CPO Bet Support the Future of AI Computing Power?
TradingKey - On Monday, March 2 local time, NVIDIA (NVDA) announced that it has entered into a deep strategic partnership with optical technology manufacturers Lumentum (LITE) and Coherent (COHR). NVIDIA will invest $2 billion in each company, totaling a massive $4 billion investment. This move advances NVIDIA's strategic layout in the field of AI data center network architecture to a new stage.TradingKey
Tue, Mar 3
