Pakistan Signs Historic U.S. Oil Import, Trade Deal

Pakistan has signed a historic trade agreement with the United States, marking its first-ever import of American crude oil to diversify away from reliance on Middle Eastern suppliers. Cnergyico, Pakistan's largest refinery, will import one million barrels of West Texas Intermediate crude oil in October under a broader deal with Vitol, signaling potential monthly shipments if commercially viable. This energy partnership follows months of negotiations initiated after U.S. President Donald Trump imposed and then reduced tariffs on Pakistani goods, leading to a wider agreement that lowers tariffs and opens American investment in Pakistan's oil, minerals, and tech sectors. The U.S. also plans to collaborate with Pakistan on developing its oil reserves, although Pakistan's proven reserves are relatively modest compared to Middle Eastern producers. The deal is seen as a strategic move to deepen economic ties, attract foreign investment, and stabilize Pakistan's economy amid regional geopolitical shifts and competition with China. While some critics view the agreement as Pakistan compromising its sovereignty, officials emphasize the economic benefits and improved bilateral relations resulting from the pact.