Global oil prices climbed sharply on Thursday after tensions between the United States and Iran intensified, raising fresh concerns about energy supplies from the Middle East. Investors reacted to reports of further military escalation and growing uncertainty surrounding one of the world’s most important oil transportation routes. Brent crude rose by $1.48 to reach $94.58 […]
Brent crude
Oil prices surge as Middle East tensions deepen
Global oil prices climbed sharply on Monday as renewed military tensions in the Middle East raised concerns about energy supplies and regional stability. Brent crude rose by more than $3 per barrel, while US crude also posted strong gains after fresh developments increased fears of a prolonged conflict affecting key oil-producing regions. Markets initially reacted […]
Oil prices jump as Middle East tensions escalate
Global oil prices surged on Monday after renewed military tensions in the Middle East raised fears of prolonged supply disruptions and further instability in energy markets. Read More: PSX tumbles as Middle East tensions fuel oil price surge Brent crude futures climbed by more than $3 a barrel, rising 3.39 percent to $96.24 per barrel, while US […]
Oil prices tumble on Iran peace hopes
Global oil prices plunged nearly six percent on Monday as hopes grew for a possible peace agreement between the United States and Iran. Investors reacted positively to signs that negotiations could reopen the Strait of Hormuz and ease supply disruptions. The sharp decline pushed crude prices to their lowest levels in two weeks. Brent crude […]
Oil prices rise amid uncertainty over US-Iran talks
Oil prices rose on Friday as investors remained uncertain about the prospects of a breakthrough in ongoing negotiations between the United States and Iran, despite signs of limited diplomatic progress. Read More: Oil prices fall below 100 dollars on Iran deal hopes Global benchmark Brent crude climbed 1.6 per cent to more than $104 a barrel, […]
Oil rises after UAE attack sparks fresh supply fears
Global oil prices climbed to their highest levels in nearly two weeks on Monday after a drone attack targeted a nuclear power facility in the United Arab Emirates (UAE), raising concerns over further instability in the Middle East and disruptions to energy supplies. Read More: Pakistan fuel prices surge sharply after global oil shock Brent crude futures […]
Indian rupee crashes amid rising oil prices and outflows
The Indian rupee fell to a historic low against the US dollar on Tuesday as rising oil prices, foreign investor withdrawals and weak market sentiment intensified pressure on India’s economy. The rupee opened at 95.50 per dollar before slipping further to 95.6250, surpassing the previous record low reached last week and extending losses since the […]
Oil prices rise as Iran talks remain uncertain
Global oil prices edged higher on Tuesday as uncertainty surrounding negotiations between the United States and Iran continued to fuel concerns over energy supply disruptions. Read More: Oil prices fall below 100 dollars on Iran deal hopes Brent crude futures rose 30 cents, or 0.29 per cent, to $104.51 per barrel in early Asian trading, while […]
Oil jumps as Trump rejects Iran’s latest peace response
Global oil prices surged on Monday after US President Donald Trump rejected Iran’s latest response to a US peace proposal, renewing fears of prolonged supply disruptions as tensions around the Strait of Hormuz continue to unsettle markets. Read More: Pakistan raises petroleum prices above Rs400 per litre Brent crude futures rose by $4.16, or 4.11 […]
Pakistan rejects LNG bids amid hopes of cheaper Qatar supply
Pakistan has rejected the lowest international bids for liquefied natural gas (LNG) imports, signalling a shift in its procurement strategy amid expectations of cheaper supply from long-term agreements with Qatar. Read More: Pakistan seeks two LNG cargoes for May According to officials familiar with the development, Pakistan opted not to accept the most competitive offers received for two […]