Pakistan Urges Iran to Safeguard Energy Flows and Shipping as Brent Remains Up 72% in 2026
Updated
Updated · CNBC · Sep 19
Pakistan Urges Iran to Safeguard Energy Flows and Shipping as Brent Remains Up 72% in 2026
3 articles · Updated · CNBC · Sep 19
Summary
Ishaq Dar told Iranian Foreign Minister Abbas Araghchi that uninterrupted energy supplies and the safe, swift passage of ships are critical, Pakistan's foreign ministry said after their call.
Next week, the two plan to meet on the sidelines of the U.N. General Assembly in New York, where a U.S. spokesperson has said a core Iranian delegation will be allowed to attend.
The outreach comes as the nearly seven-month Iran war has disrupted flows through the Strait of Hormuz and after Saudi Arabia's East-West pipeline was shut by a Sept. 11 drone attack.
Brent crude is still up 72% this year despite three straight daily declines, settling Friday at $103.87 a barrel, while WTI closed at $100.30 as traders judged the pipeline outage less damaging than feared.
Separately, Iran said Qatari and Pakistani mediators have passed its terms to Washington, including ending the war, releasing frozen assets and lifting the naval blockade.