PSX Tumbles Over 3,000 Points Amid US-Iran Tensions, Oil Price Surge
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The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index continued its decline for a second consecutive day on Tuesday, July 14, 2026, losing over 3,000 points during early trade. The KSE-100 index shed 3,464.89 points, dropping to 176,462.15 points from its previous close of 179,927.04. The market downturn is largely attributed to escalating tensions between the United States and Iran, following the US reimposition of a naval blockade on Iran and increased military activity in the Strait of Hormuz.
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Crude oil prices have reached their highest level in one month. This comes as a significant update on petrol prices has also been announced.
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Crude oil prices have reached their highest level in one month. This comes as a significant update on petrol prices has also been announced.
The Middle East conflict has significantly impacted global trade through the Strait of Hormuz. This crucial waterway, which handles 20 to 30 percent of global fertilizer trade and about 20 percent of seaborne Liquefied Natural Gas (LNG), has experienced a traffic reduction of over 95 percent from pre-crisis levels since late February. Regional urea production has also seen a substantial decline of 55 to 60 percent. As a result, urea prices increased by approximately 46 percent month-on-month between February and March 2026. Concurrently, oil prices have begun to rise again.
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