Global energy markets grapple with impact of ongoing closure of Strait of Hormuz amid US-Israel attack on Iran
Federal Minister for Oil, Ali Pervaiz Malik, will meet Saudi Arabia’s ambassador to Pakistan, Nawaf bin Said Al-Malki, on Tuesday. Photo: Ministry of Energy/X
ISLAMABAD:
Oil Minister Ali Pervaiz Malik confirmed that Saudi Arabia has pledged to support Pakistan’s energy needs by supplying oil through the port of Yanbu on the Red Sea. The security comes at a time when global energy markets are grappling with the impact of the ongoing closure of the Strait of Hormuz.
In a meeting on Wednesday with Nawaf bin Said Al-Malki, Saudi Arabia’s ambassador to Pakistan, the two leaders discussed a number of bilateral issues with a focus on strengthening cooperation between the two nations.
Islamabad: Federal Minister for Petroleum Ali Pervaiz Malik held a meeting with HE Nawaf bin Said Al-Malki, Ambassador of the Kingdom of Saudi Arabia to Pakistan. Pakistan had requested alternative supply route via Yanbu Port in Red Sea, Saudi Arabia assured full support. pic.twitter.com/z7ZG35Cq8b
— Petroleum Division, Ministry of Energy (@Official_PetDiv) March 4, 2026
Malik briefed the ambassador on the current state of global energy markets and the challenges posed by the closure of the Strait of Hormuz, a vital shipping route that transports a significant portion of Pakistan’s oil imports. He highlighted that Pakistan is closely monitoring the development of the situation as the closure threatens the stability of its energy supplies.
Read more: The country has 28 days of fuel
“The support of brotherly nations like Saudi Arabia is essential for Pakistan, especially in such challenging times,” Malik noted. He reassured that the Government of Pakistan is taking active measures to ensure continuous energy supply to the country’s citizens.
During the meeting, the Saudi ambassador reaffirmed the Kingdom’s commitment to Pakistan and offered assurances that oil supplies through Yanbu port would be secure. Malik informed that a vessel has been secured for dispatch from Pakistan to Yanbu port to lift crude oil to Pakistan. He expressed hope that future shipments would be prioritized to Pakistan.
Acknowledging the growing situation, Ambassador Al-Malki said: “Saudi Arabia is fully aware of the circumstances and stands firmly with Pakistan to meet any urgent energy needs.” He emphasized that the strong ties between the two countries will continue to be a source of support, especially in these difficult times.
