Pakistan concedes vulnerability to global shocks, lacks "strategic oil reserves like India" to buffer soaring fuel prices

Iran Herald · May 1, 2026 General

Islamabad [Pakistan], May 1 (ANI): Pakistan has conceded its severe vulnerability to the current global oil shock, admitting that the nation lacks 'strategic oil reserves like India', which have enabled New Delhi to mitigate the impact of escalating crude prices caused by Middle East hostilities.