Geopolitics
Pakistani PM Sharif held a call with Saudi Crown Prince MBS; the two condemned the Houthi militia’s attacks against Saudi oil tankers in the Red Sea; reaffirmed Pakistan's "complete solidarity" with Saudi Arabia
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Pakistan and Saudi Arabia united against Houthi maritime attacks, aiming to secure Red Sea trade. Investors face heightened volatility as regional tensions threaten global oil supply and shipping costs.
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"Agreed to continue working very closely to maintain regional peace, security, stability, and the uninterrupted flow of lawful maritime commerce through the Red Sea as well as the Strait of Hormuz and the wider region."
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