Ahsan Iqbal Warns Prolonged Iran Conflict Could Have Driven Oil Prices to Rs600 per Liter

Narowal: Federal Minister Ahsan Iqbal has said that if the conflict involving Iran had continued, global oil prices could have surged to over Rs600 per liter, potentially crippling the economies of 193 countries.

Addressing a ceremony at a private college in Narowal, Iqbal stated that Pakistan’s leadership played a significant role not only in safeguarding national interests but also in contributing to global economic stability. “Today, Pakistan’s leadership is not just a benefactor for the country but for 193 nations,” he remarked.

He criticized a political party for portraying a negative image of Pakistan in the past, saying that narratives of decline have been proven wrong. He claimed that Pakistan has demonstrated strength and resilience on the global stage, earning recognition from countries ranging from Australia to United States.

Iqbal praised the government’s diplomatic efforts, stating that world leaders are acknowledging Pakistan’s role in promoting peace and stability. He credited the leadership of Prime Minister Shehbaz Sharif and the military establishment for elevating Pakistan’s global standing.

Highlighting the historical role of Pakistan Muslim League (N), Iqbal said that the party has consistently contributed to national development and strengthened the country’s defense. He referred to former Prime Minister Nawaz Sharif, noting that his decision to conduct nuclear tests made Pakistan’s defense “invincible” despite international pressure.

The minister reiterated that a prolonged conflict involving Iran could have had severe economic consequences worldwide, particularly through a sharp rise in oil prices, and emphasized the importance of diplomatic efforts to prevent escalation.