Iran War Triples Oil Services Logistics Costs, Fueling Price Concerns

Oilfield services companies in the Middle East are paying as much as three times their usual logistics costs, with fuel expenses doubling and labor costs climbing 40%. The nine-month Iran war continues to disrupt equipment deliveries and project operations, making movement through the Strait of Hormuz increasingly difficult. Executives at the ADIPEC energy conference highlighted this mounting financial pressure. Higher crude oil production costs could push global oil prices up, potentially increasing Pakistan's import bill and impacting USD/PKR rates.

بحوالہ / Source: oilprice.com