- By Aditya Jha
- Wed, 25 Mar 2026 03:56 PM (IST)
- Source:JND
Iran War 2026: The ongoing war between Iran and the joint forces of Israel and the US has led to a surge in prices of oil and energy across the world. The ship movement through the Strait of Hormuz has been affected due to the crisis, leading to a surge in oil prices, especially in Pakistan. As per the reports, the manufacturing and aviation sectors of Pakistan have been struggling due to the shortage of energy supplies. While the Shahbaz Sharif government has taken several measures to deal with the crisis, the country's already struggling economy has shown no signs of improvement.
The disruption of ships through the critical chokepoint has led to a significant surge in the prices of liquefied natural gas (LNG) in Pakistan. Qatar has declared force majeure following production disruption due to the attacks, leading to the LNG shortage in the southeastern nation. As per ARY News, the Pakistani government announced a hike in the levy on high-octane fuel, leading to a surge in the oil prices.
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Apart from this, the airfare in Pakistan has also surged by up to 30 per cent in the last few days, leading to inconveniences to the flight passengers. The reports suggest that the flight ticket prices for domestic routes have increased by PKR 10,000 to PKR 15,000. Apart from this, the intonational fares have also surged to PKR 150,000 amid the crisis.
However, the Asian Development Bank is likely to provide financial support to Pakistan under its 2026–30 strategy to deal with the crisis. "The new CPS is tailored to address Pakistan's structural challenges and promote robust and lasting growth, which benefits the whole country, especially the poor and vulnerable," ADB Country Director Emma Fan asserted. The war has already entered its fourth week, with no signs of immediate peace in the region.