Oil prices rose nearly 3% on Monday as US-Iran peace talks stalled and global supply concerns deepened. Brent crude climbed to $108.36 per barrel, reaching a three-week high. The increase reflects tightening supply conditions and geopolitical uncertainty. West Texas Intermediate also gained, rising to $96.85 per barrel as market sentiment strengthened. Both benchmarks recorded significant […]
global oil supply crisis
FO addresses Iran peace rumors, avoids specifics
Pakistan’s Foreign Office said the peace process is ongoing but declined to confirm reports of a proposed Iran war framework. The remarks follow claims that Pakistan shared a ceasefire plan with the United States and Iran. The situation matters as escalating conflict threatens regional stability and global energy supplies. Foreign Office spokesperson Tahir Andrabi addressed […]