United States President Donald Trump has said Washington will not rush into a deal with Iran, signalling that negotiations between the two countries remain ongoing despite recent optimism about a possible breakthrough. In a post on Truth Social, Donald Trump stated that the US blockade on Iranian ships in the Strait of Hormuz would remain […]
global energy
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 […]
US extends Russian oil waiver amid global energy pressure
The United States (US) has renewed a waiver allowing countries to purchase sanctioned Russian oil already at sea, in a move aimed at easing global energy pressures triggered by ongoing geopolitical tensions and the Iran conflict. Read More: US ends waiver on India discounted purchases of Russian oil According to the US Department of the Treasury, the waiver permits […]
Iran warns Hormuz Strait may close if US blockade continues
Tensions have escalated in the Gulf after the Iran warned that the strategic Strait of Hormuz may not remain open if the United States (US) continues its naval blockade of Iranian ports. Read More: US, Iran eye Islamabad for fresh talks as Hormuz blockade tightens Iranian officials issued the warning amid a fragile ceasefire and ongoing diplomatic efforts involving […]
Public-centric relief measures by Maryam Nawaz in the wake of global energy crisis
The world today is grappling with an unprecedented global energy crisis. Escalating oil prices, coupled with geopolitical tensions and ongoing conflicts, have placed immense strain on the economies of developing nations. Pakistan, too, is facing the ripple effects of this crisis, as rising petrol and diesel prices directly impact the daily lives of its citizens. […]
Global oil prices climbed sharply as Hormuz tensions disrupt supply
Global oil prices climbed sharply on Monday as escalating conflict in the Middle East disrupted key supply routes, particularly through the strategically vital Strait of Hormuz. Read More: OPEC+ agrees to boost oil output when Hormuz reopens Brent crude futures rose 1.6% to $110.74 a barrel, while West Texas Intermediate gained 0.6% to $112.25, extending last week’s […]
Strikes on Tehran raise stakes despite diplomacy push
WASHINGTON — Israel launched fresh strikes on Tehran on Wednesday, escalating tensions with Iran even as diplomatic efforts to end the conflict gathered momentum. The Israeli Defense Forces said the strikes targeted key infrastructure in the Iranian capital, while Iranian media reported damage in residential areas and ongoing rescue operations. The latest escalation comes amid […]
Oil prices rebound as Iran denies US talks
Global oil prices edged higher in early trading on Tuesday as supply concerns resurfaced after Iran denied holding talks with the United States (US), contradicting claims by Donald Trump that negotiations were underway to ease tensions in the Gulf. Read More: Oil prices tumble as Trump delays Iran strikes Brent crude futures rose $1.06, or 1.1%, […]
Trump issues 48-hour ultimatum to Iran over Strait of Hormuz
Donald Trump issued a 48-hour ultimatum to Iran on Saturday, demanding the reopening of the Strait of Hormuz or threatening strikes on Iranian power plants. The waterway, crucial for global oil shipments, has effectively been closed by Iran through mine-laying, attacks on vessels, and threats to ships, raising fears of further escalation in the ongoing […]
Oil prices could hit $180 amid Iran conflict, Saudi warns
Saudi officials have cautioned that oil prices could surge to $180 per barrel by late April if the Iran war continues disrupting critical Middle East energy supplies and global markets. The warning comes as attacks on oil and gas infrastructure across the Gulf, including Saudi facilities at Yanbu and Qatar’s Ras Laffan, have already […]