A crude oil tanker carrying petrol has arrived at Port Qasim, as global oil prices fell sharply following a ceasefire announcement linked to the Iran war.
The vessel, Corallo One, is carrying around 37,085 tons of petrol and is currently anchored at the port’s outer anchorage.
Port Qasim also handled significant cargo activity over the last 24 hours, with 34,296 metric tons of imported cargo and 3,158 metric tons of exports processed during the period. In total, 13 ships are currently anchored at the port, carrying goods including soybeans, coal, chemicals, coke, steel coils, and petrol.
Four large soybean vessels have also arrived, bringing in more than 100,000 tons of soybeans, expected to support the country’s food, industrial, and energy sectors.
Meanwhile, international oil prices dropped below $100 per barrel after US President Donald Trump said he had agreed to a two-week ceasefire with Iran, subject to the immediate and safe reopening of the Strait of Hormuz.
Brent crude fell to $94.43 per barrel, down 13.6 percent, while WTI declined to $96.82, down 14.3 percent.
Iran also said it would halt attacks if strikes against it stopped and announced that safe transit through the Strait of Hormuz would be allowed for two weeks in coordination with its armed forces.
