Saudi Aramco is offering additional crude cargoes from Egypt’s Mediterranean port of Sidi Kerir, rerouting supplies via the Suez-Mediterranean Pipeline. This move responds to Houthi threats against Saudi shipping in the Red Sea, aiming for greater flexibility in reaching markets after recent attacks on Saudi oil tankers. Increased geopolitical risk and potential oil supply disruptions could lead to higher international crude oil prices, potentially impacting Pakistan's import bill and contributing to domestic inflation.
بحوالہ / Source: www.brecorder.com