Islamabad (Digital Post) The ongoing conflict between Iran, the United States, and Israel has not only impacted the global landscape but its effects are also clearly being felt in the Islamic Republic of Pakistan.

Islamabad (Digital Post) The war between Iran, the United States, and Israel has shaken the global economy, and its impact is now visible in everyday life in the form of rising inflation. Increasing uncertainty and a war-like environment in the region have significantly disrupted economic stability.

Before the conflict, Brent crude oil prices ranged between 70 to 80 dollars per barrel, and just before the escalation, it was recorded at around 79 dollars per barrel. However, as tensions between Iran and the United States intensified and uncertainty surrounding the Strait of Hormuz grew, oil prices surged rapidly beyond 100 dollars and at times reached 120 to 126 dollars per barrel. According to recent reports, prices are still hovering around 90 to 95 dollars per barrel.

Pakistan relies on imports for more than 90% of its oil needs, so any increase in global prices directly affects the national economy. As oil prices rose, petrol and diesel became more expensive, increasing transportation costs and making industrial production costlier. This has affected every sector, from food items to agricultural products, placing a heavy burden on the common citizen.

The energy sector is also facing similar challenges. A major portion of electricity generation depends on oil and gas, while LNG and LPG prices have also seen significant increases. A standard domestic gas cylinder (11 kg), which was available for around 3,000 rupees before the conflict, has now reached up to 5,600 rupees. The rise in electricity and gas prices has further increased industrial costs, triggering a new wave of inflation.

The concerning aspect is that this situation does not appear temporary. Continued uncertainty in the Strait of Hormuz, disruptions in global supply chains, and market instability suggest that inflation may rise further in the coming months.

The question arises: who is responsible for this situation? According to this perspective, the crisis originated from aggression against the Islamic Republic of Iran by the United States and Israel at a time when negotiations were ongoing. Iran has responded in self-defense, targeting U.S. bases in the region and Israel, while the primary cause of escalating tensions is attributed to the aggressive policies of the United States and Israel.

Therefore, it should be noted that the rising inflation in Pakistan, which has severely affected the common man, is linked to the instability created in the region by these global powers.

In this entire situation, Pakistan’s role has been commendable. Diplomatic efforts for a ceasefire are ongoing, and it is expected that the next phase of negotiations may be held in Islamabad. If these efforts succeed, it could not only bring peace to the region but also pave the way for economic stability.

There is a need for regional countries to promote unity and cooperation to ensure a peaceful and stable future for coming generations.