Middle East Crisis Could Triple Pakistan’s Oil Import Bill

Previously, we reported that Pakistan could find itself sucked into the Middle East war thanks to the Strategic Mutual Defence Agreement (SMDA) it signed with Saudi Arabia in September 2025. The core of the agreement states that any aggression against one country is considered an aggression against both, potentially requiring Pakistan to intervene against Iran’s missile strikes on Saudi Arabia. However, military confrontation with its southerly neighbor might turn out to be a less existential threat for Pakistan. Surging oil prices are already…