Federal Minister for Energy (Petroleum Division) Ali Pervez Malik on Tuesday said the government is closely monitoring the escalating crisis in the Middle East and preparing for potential economic fallout.

Speaking on Aaj News programme “News Insight with Aamir Zia,” Malik said the duration of the conflict remains uncertain and warned that Pakistan may require support from allies to manage added financial pressure.

His remarks come as tensions surge following US and Israeli strikes on Iran, raising fears of supply disruptions and volatility in global energy markets.

Malik said the government is assessing all possible scenarios. “We must prepare within our financial capacity — whether it is managing external accounts, maintaining energy reserves or ensuring fiscal stability,” he said.

He confirmed that Pakistan currently holds sufficient petrol and diesel stocks but cautioned that prolonged instability could push up global oil prices and fuel domestic inflation.

“Pakistan imports LNG from QatarEnergy. If the Strait of Hormuz is blocked, supply chains could be disrupted,” he said, adding that LPG imports from Iran may also face delays.

Calling for restraint, Malik urged citizens to conserve fuel and remain vigilant.

“The energy market is under stress. We must be cautious and prepared for challenges ahead,” he said.

The government, he added, is taking contingency measures to mitigate risks and protect economic stability.