Escalating tensions between the United States and Iran have pushed global oil prices to their highest levels in several months, while stock markets around the world faced selling pressure amid growing concerns over energy supply disruptions. Read More: Petroleum prices likely to rise in next review Oil prices surged by nearly 4 per cent on Friday, […]
global markets
Oil prices climb as Middle East tensions intensify
Global oil prices extended their gains on Wednesday as renewed military tensions in the Middle East raised concerns over potential disruptions to energy supplies, particularly through the Strait of Hormuz, one of the world’s most critical oil shipping routes. Brent crude futures rose 99 cents, or 1.2%, to $85.72 per barrel, while US West Texas […]
SpaceX makes history with record $75 billion IPO
Elon Musk’s SpaceX has achieved a historic milestone by launching the largest initial public offering (IPO) in United States history, raising $75 billion and securing a market valuation of approximately $1.77 trillion. The aerospace and satellite technology company priced its shares at $135 each, selling more than 555 million shares in a landmark offering that […]
PSX rallies as Middle East peace hopes lift sentiment
The Pakistan Stock Exchange (PSX) extended its upward momentum on Thursday as improving hopes for de-escalation in the Middle East boosted investor confidence and triggered strong buying activity across key sectors. Read More: Bulls push PSX up by over 1,900 points During intraday trading, the benchmark KSE-100 Index surged to a high of 168,134.65 points, gaining 3,303.23 […]
Trump and Xi talks boost stocks as oil prices slip
Global stock markets rose and oil prices edged lower after a high-level meeting between US President Donald Trump and Chinese President Xi Jinping, as investors reacted cautiously to hopes of easing trade tensions between the world’s two largest economies. Markets responded positively on the first day of the summit, with optimism that renewed dialogue between […]
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 […]
Oil falls and stocks rally on US-Iran deal optimism
Global financial markets rallied on Thursday as optimism over a possible US-Iran peace deal boosted investor sentiment, sending Asian stocks to record highs while oil prices and the US dollar weakened. Read More: Oil rises as US–Iran deal stalls Asian equity markets surged, with Japan’s Nikkei index crossing the 62,000 mark for the first time after returning from […]
PSX falls as oil surge, rate hike pressure market
The Pakistan Stock Exchange (PSX) came under significant pressure on Thursday as rising global oil prices and concerns over monetary tightening dampened investor sentiment. Read More: Oil prices hit four-year high amid Hormuz tensions The benchmark KSE-100 Index experienced sharp volatility during the trading session, hitting an intraday high of 164,357.47 points before sliding to a […]
Oil prices hit four-year high amid Hormuz tensions
Global crude oil prices have surged to their highest levels in four years following renewed tensions surrounding Iran and continued uncertainty over the Strait of Hormuz. Read More: Pakistan oil bill hits record $800m: PM Shehbaz The latest increase came after US President Donald Trump announced that restrictions linked to Iran’s maritime activities would remain in place, […]