Pakistan in panic: WFH, oil firm aid as Iran war chokes fuel supply

• Cash-strapped Pakistan plans austere measures like mandatory WFH and weekly fuel price revisions due to rising global oil prices from the Iran war and potential Strait of Hormuz closure.
• Government considers compensating oil companies for soaring insurance, import premiums, and freight costs to ensure continued fuel imports and supply chain integrity.
• Brent crude hit $81.40, its highest since January 2025, prompting urgent action and a summary for the ECC.
• Pakistan State Oil (PSO) issued tenders for non-Strait of Hormuz suppliers, and Saudi Arabia was asked for an alternative Red Sea route for oil shipments.
• Despite comfortable current reserves, diesel supplies face higher risks due to reliance on Kuwait via the Strait of Hormuz, with shipping costs and insurance surging dramatically.