Karachi Port tranships cargo to UAE

Karachi Port tranships cargo to UAE

Containers to be transhipped from Karachi to Jebel Ali in the Middle East; Strait of Hormuz not expected to open in coming days.
Updated 07 Mar, 2026 08:03am
Oil falls but set for steepest weekly gain since 2022

Oil falls but set for steepest weekly gain since 2022

Analysts note that halted activities in Hormuz will have two major impacts on oil: the inability to store 20 million barrels per day and the lack of flow to the world, which could drive global energy prices higher.
Published 06 Mar, 2026 03:35pm