Pakistan Secures Major Hormuz Deal with Iran Amidst Global Crisis

• Pakistan secures a deal with Iran allowing 20 ships to pass through the Strait of Hormuz, two daily, amidst the ongoing conflict and energy crisis.
• Foreign Minister Ishaq Dar announced the agreement, calling it a 'sign of peace' and a 'constructive step' for regional stability.
• The Strait of Hormuz has been largely closed since US and Israeli attacks on Iran, severely impacting global energy supplies and causing oil prices to soar.
• Iran's IRGC has turned Hormuz into a 'checkpoint', requiring detailed information and charging fees for passage, with maritime traffic down by 90%.
• Pakistan, through active diplomacy, positions itself as a mediator, with its leaders engaging with US, Iranian, and Turkish counterparts.