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Pakistan — Between Beijing and Washington

PAKISTAN, AUG 6 – The pact aims to reduce Pakistan's $11.3 billion annual crude oil import bill by developing domestic reserves and lowering U.S. tariffs on Pakistani exports from 29% to 19%.

Something unexpected happened after Indian Operation Sindoor and Pakistan's agile response through Operation Bunyan Marsus. The four-day skirmish left India red-faced despite its massive media onslaught, projecting the outcome as victory. President Trump took credit for the ceasefire, duly acknowledged by Pakistan, while an egotistic India still refuses to accept foreign interlocution. Then, on August 1, 2025, President Trump slapped a punitive …

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Oil Price broke the news in London, United Kingdom on Wednesday, August 6, 2025.
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