Prime Minister Shehbaz Sharif concluded a three-day tri-nation diplomatic tour spanning Saudi Arabia, Qatar, and Turkiye, returning from Antalya on Saturday. The Prime Minister's Office framed the visits around strengthening bilateral ties, Pakistan's role in regional peace, and engagement on the evolving global situation. The tour opened on April 15 with a two-hour meeting with Saudi Crown Prince Mohammed bin Salman, signaling the priority Islamabad places on its Gulf relationships. Sharif also attended the Antalya Diplomacy Forum in Turkiye, where he met with additional world leaders beyond the three bilateral hosts. The delegation included Deputy PM and Foreign Minister Ishaq Dar and Information Minister Attaullah Tarar, indicating the visits carried both diplomatic and communications weight. No specific agreements or deliverables were disclosed in the PMO statement. The practical outcomes of the Gulf leg, particularly any economic, energy, or labor-related commitments with Riyadh and Doha, will determine whether this tour translates into tangible policy movement for Pakistan's stressed external accounts.
Qatar's foreign ministry said mediators including Qatar, Pakistan, and Oman have reached "very progressive stages" in efforts to end the US-Iran war, pushing Brent crude down more than four percent.
Qatar confirmed it is mediating between the US and Iran but said no direct talks are currently planned. The clarification follows conflicting statements from President Trump, who claimed talks are under way, and Tehran, which denied any dialogue is happening.
Saudi Aramco reported sharply higher second-quarter 2026 profits as the Iran war restricts global oil supply and pushes crude prices up. Other oil supermajors also posted outsized earnings, raising concerns about sustained fuel cost pressure for importing economies.
President Trump called current Iran negotiations the "last chance" to end five months of conflict, pushing oil prices higher. Tehran denied formal talks are taking place, raising the risk of a diplomatic breakdown with direct consequences for global energy markets.