A crude oil tanker carrying 37,085 tons of petrol has docked at Port Qasim amid a sharp drop in global oil prices following a ceasefire announcement linked to the Iran conflict.

Over the past 24 hours, the port also processed 34,296 tons of imported cargo and 3,158 tons of exports. Currently, 13 vessels are anchored at the port, carrying goods including soybeans, coal, chemicals, steel coils, and petrol. Four large soybean shipments, totaling over 100,000 tons, are expected to support Pakistan’s food, industrial, and energy sectors.

International oil prices fell below $100 per barrel after US President Donald Trump confirmed a two-week ceasefire with Iran, contingent on the safe reopening of the Strait of Hormuz. Brent crude dropped 13.6% to $94.43 per barrel, while WTI fell 14.3% to $96.82.

Iran pledged to halt attacks if strikes against it stopped and allow safe transit through the Strait during the ceasefire, although regional tensions persist.