Days after Iran effectively blocked shipping through the Strait of Hormuz following the start of US and Israeli attacks in late February, two Pakistani electric motorbike (EV) outlets 1,400 km away found themselves overwhelmed with enquiries. Haseeb Bhatti, who retrofits petrol-fuelled bikes with battery-powered motors in the northern city of Rawalpindi, said his March sales surged 70 per cent. For Ali Gohar Khan, who owns a 7-year-old electric motorbike retail franchise with branches across Pakistan, the recent surge in sales is the steepest ever. “People have this fear that maybe in the near future, they might not get petrol at all,” Khan said. The Middle East crisis has sent global fuel prices soaring, compounding pain for Pakistanis already hit by inflation and a post-pandemic economic downturn. As the nation imports nearly all its oil through the Strait of Hormuz, shortage rumours took hold despite the government’s supply assurances. Workers assemble an electric motorcycle at D.S. Motors Pvt. Ltd, in Hyd...
US President Donald Trump asserted on Monday that Iran could be taken out in one night, “and that night might be tomorrow night”, even as he said shortly afterwards that US officials, including Vice President JD Vance, were talking to intermediaries in Pakistan. His statements from two different events came ahead of a looming Tuesday night deadline he gave to Tehran to agree to a ceasefire deal with Washington, warning of wider bombing on power plants and other critical infrastructure. Trump is demanding that Iran forswear nuclear weapons and reopen the Strait of Hormuz oil transit waterway. Iranian media reported on Monday that Tehran had rejected the US ceasefire proposal through intermediary Pakistan, and had instead shared a 10-point proposal, demanding an end to conflicts in the region, a protocol for safe passage through the Strait of Hormuz, lifting of sanctions and reconstruction. Addressing a White House press conference on Monday, Trump told reporters that Iran could be taken out in one night, warni...