Pakistan secures Iran deal to send 20 ships through Strait of Hormuz
Pakistan has secured a deal with Iran to allow 20 Pakistani-flagged vessels to transit the Strait of Hormuz, easing the country's energy crisis. The agreement is seen as a significant step towards restoring stability in the region, which has been affected by the war between the US, Israel, and Iran.
Pakistan and Iran have reached a deal to allow 20 Pakistani ships to pass through the Strait of Hormuz. The strait has been effectively shut since the US and Israel launched strikes on Iran, killing over 2,000 people and disrupting global markets. Iran's Islamic Revolutionary Guard Corps has been controlling ship passage, with some vessels paying $2m to cross. The deal is a result of Pakistan's diplomatic efforts, with Foreign Minister Ishaq Dar announcing the move on Saturday. The strait is a critical waterway, with 90% less maritime traffic since the war began. The agreement could help ease the global energy crisis, with oil prices surging past $100 a barrel.
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