PM Shehbaz Sharif Addresses Global Oil Price Crisis Impacts

Prime Minister Shehbaz Sharif has announced that the federal government will absorb the rising costs of international oil. This move aims to protect the public from immediate price hikes despite significant fiscal pressure. The Prime Minister warned that global market volatility remains a serious threat to the national economy.

Saudi Foreign Minister Warns Iran of Military Response to Attacks

Saudi Arabia has declared its right to take military action against Iran following ballistic missile attacks on Riyadh. Foreign Minister Prince Faisal bin Farhan stated that diplomatic trust with Tehran has been completely shattered. The escalation follows a series of strikes targeting energy facilities across the Gulf region.

A Narrow Passage: A Global Crisis

The Strait of Hormuz has transformed into a major geopolitical flashpoint affecting international trade. Iran's selective blockade strategy is creating significant uncertainty in global energy markets. Experts warn that disruptions in this narrow passage could trigger a massive economic crisis.

Araghchi: Leadership Structure Unshaken by Larijani Assassination

Tehran has confirmed the death of senior strategic advisor Ali Larijani following a targeted Israeli airstrike in the region. The veteran politician was a central figure in Iran's National Security Council and foreign policy planning. Foreign Minister Abbas Araghchi stated that the nation's institutional structure remains resilient despite the loss.