Geopolitics is rapidly changing due to growing tensions between the US, Israel, and Iran. Global economic stability and energy markets are at greater risk due to the escalating threat of military conflict. At this moment, Pakistan’s diplomatic role is important, as key ministers from Saudi Arabia, Egypt, and Turkiye are currently in Pakistan to discuss the crisis. Additionally, there has been a rise in proxy involvement, with Hezbollah supporting Iran in this conflict and the Houthis in Yemen attacking southern Israel. 

Due to the conflict between the United States, Israel, and Iran, almost 20 percent of oil supplies have been affected because of the disrupted shipping from the Strait of Hormuz, according to the IEA. The increase in fuel prices is also affecting the US, as gasoline prices have reached $3.98 per gallon. The global oil shortage has reached 10 million barrels per day, which is double the impact of the 1973 oil embargo. Shipping disruptions in the Strait of Hormuz have trapped various vessels. Iran is reportedly charging a $2 million fee per vessel to pass through. According to Pakistan’s Foreign Minister, Ishaq Dar, Iran has allowed 20 Pakistan-flagged oil tankers to pass through the Strait of Hormuz, as stated in a message later shared by the US president on his Truth Social platform. This development is being considered a diplomatic success for Pakistan.

Similarly, the supply of helium is being affected. As of March 2026, around 30-33 percent of the global helium supply has been disrupted because of this conflict, especially in Qatar. This disruption is affecting technology industries, including semiconductors and MRI scans, as helium prices have increased. In addition, 30 percent of the global fertilizer supply has been affected by the........

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