The Wall Street Journal reports, citing an official, that US sanctions have forced a suspension of Iranian exports to Pakistan. The transmission channel runs through trade finance and counterparty risk rather than direct price shocks: banks and shippers avoid transactions that could expose them to secondary sanctions, which effectively cuts off payment and logistics pathways even where bilateral trade is legal under local law. Iranian energy and commodity exporters face reduced regional outlets, while Pakistan's energy-import and power-generation sectors, which have relied on discounted Iranian supply, may need to source replacement volumes at higher cost, pressuring the rupee and its current account. Traders should watch for Pakistani government statements on alternative supply arrangements and for any Treasury OFAC enforcement actions or designations targeting third-country intermediaries in the coming weeks.
WSJ: US Sanctions Force Suspension of Iranian Exports to Pakistan, Official Says
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