The United States (US) military says it has disabled another tanker accused of violating a US-imposed blockade on Iranian ports, marking the latest escalation in tensions linked to the ongoing conflict involving Iran, the United States and Israel. Read More: US blockade still in place despite Trump’s announcement According to the US Central Command (CENTCOM), the […]
Gulf conflict
Govt considers windfall tax on massive oil sector profits
The federal government is reviewing plans to impose a 20% windfall gain tax on oil companies after petroleum firms reportedly earned massive profits during the recent Gulf conflict. Officials said the proposal aims to recover excess gains generated after fuel prices surged sharply following instability in international energy markets. Authorities are also considering alternative measures […]
Iran Accuses UAE of backing US-Israeli military campaign
Abbas Araghchi on Thursday accused the United Arab Emirates of acting as an active partner in the ongoing US-Israeli military campaign against Iran. Speaking during a BRICS summit visit to India, the Iranian foreign minister claimed Abu Dhabi directly supported actions targeting Tehran during the recent regional conflict. In a statement shared on Telegram, Araghchi […]
Saudi Arabia backs Pakistani mediation amid Iran US tensions
Saudi Arabia has called for restraint and renewed diplomatic engagement amid rising tensions between the United States and Iran, urging all sides to support mediation efforts led by Pakistan. The Saudi Foreign Ministry stressed that dialogue remains essential to prevent further escalation that could destabilize the wider region and global economy. In its statement shared […]
Trump seeks deal with Iran before April 6 deadline: White House
The White House spokesperson, Caroline Lewot, stated that President Donald Trump aims to reach a deal with Iran before the April 6 deadline amid ongoing conflict in the Gulf region. According to Lewot, discussions regarding the Iran conflict have been positive, with Iran reportedly agreeing to some of the proposals put forward by the United […]
FBI warns of potential Iran attack on US west coast amid ongoing Gulf conflict
WASHINGTON, D.C.: The Federal Bureau of Investigation (FBI) has issued warnings to California law enforcement agencies about a potential “surprise” attack on the US west coast, reportedly planned by Iran using unmanned aerial vehicles (UAVs) launched from an unidentified vessel. Read More: Iran’s envoy widely respected, says FO after FBI puts him on most wanted list The […]
Middle East conflict risks $3bn remittance hit
Pakistan could face a remittance shortfall of up to $3 billion if the escalating Middle East conflict persists, analysts warn, raising concerns about pressure on the rupee and the country’s fragile external balance. Read More: Middle East tensions disrupt Pakistan’s sea trade Shahid Anwar, senior director at the Institute of Cost and Management Accountants of Pakistan, said […]