Global crude oil prices have returned close to pre-war levels, yet Pakistan has kept petrol and diesel prices unchanged for the coming week. The decision means consumers will not benefit from the latest decline in international oil markets. Analysts say the move has sparked fresh debate over fuel pricing and government policy. Brent crude fell […]
global oil prices
Government forms fuel pricing committee
The government has formed a high-level committee to develop a weekly petroleum pricing formula. The move aims to pass global oil price reductions to consumers more quickly. The decision could affect millions of Pakistanis through changes in fuel costs and transportation expenses. Petroleum Minister Ali Pervaiz Malik announced the development in an official statement. He […]
Iranian oil exports resume after deal
At least three tankers carrying Iranian oil have passed through the US naval blockade following a framework agreement between Washington and Tehran. The development signals a gradual return of Iranian crude exports to global markets. Energy traders, oil producers, and major importers are closely monitoring the renewed supply flow. Shipping data from Kpler, Vortexa, and […]
Israel hits petrochemical plant in Iran
Israel struck a petrochemical plant and other military targets in Iran on Monday, escalating regional tensions. The attack marked the first strike on an Iranian energy facility since the April ceasefire. The developments affect regional stability, global energy markets, and ongoing diplomatic efforts between Washington and Tehran. Israeli officials said the military targeted facilities within […]
Pakistan pushes fresh US-Iran peace efforts
Pakistan intensified diplomatic efforts to help advance peace talks between the United States and Iran amid rising regional tensions. Interior Minister Syed Mohsin Naqvi held fresh discussions with Iranian Foreign Minister Abbas Araqchi in Tehran on Friday. The talks focused on proposals aimed at ending the ongoing US-Israeli conflict and easing global economic concerns. Iranian […]
Trump signals short wait for Iran peace deal
US President Donald Trump has said Washington is prepared to launch further attacks on Tehran if a peace deal is not reached, while indicating he is willing to wait “a few days” for negotiations to progress. Read More: Iran, US negotiations reach decisive final stage Speaking to reporters at Joint Base Andrews on Wednesday, Trump […]
US issues 30-day licence for access to Russian oil shipments
The United States has issued a 30-day general licence allowing access to certain Russian oil shipments, in a move aimed at stabilising global energy markets and ensuring continued supply flows amid ongoing geopolitical disruptions. US Treasury Secretary Scott Bessent confirmed that the temporary licence will facilitate access to Russian crude oil that is currently stranded […]
Trump signals tougher stance on Iran amid Strait tensions
US President Donald Trump has said his patience with Iran is wearing thin as tensions over the Strait of Hormuz continue to disrupt global energy markets and regional stability. Speaking aboard Air Force One after concluding talks with Chinese President Xi Jinping in Beijing, Trump indicated that Tehran must reopen the crucial shipping route but […]
Pakistan fuel prices surge sharply after global oil shock
Pakistan has witnessed a sharp rise in petroleum prices over the past two and a half months, as petrol increased by 56 percent and diesel climbed by 48 percent following global supply disruptions linked to the US-Iran conflict. Officials said the sudden jump has placed heavy pressure on transport costs and household budgets across the […]
Iran distrusts US despite renewed diplomacy efforts
Iran said Friday it wants to preserve the current ceasefire to give diplomacy a chance despite distrusting the United States. The UAE also accelerated a major oil pipeline project to bypass the Strait of Hormuz after recent disruptions. The developments are significant for global oil markets, regional stability, and international shipping routes. Iranian Foreign Minister […]