The United States(US) and Iran exchanged fresh military strikes across the Gulf on Friday, intensifying fears of a wider regional conflict as both sides escalated retaliatory attacks and tensions spread beyond the Strait of Hormuz. Read More: Trump threatens Iranian infrastructure after Houthis block Red Sea Artery Iran said it launched drone strikes targeting US military […]
oil prices
Petrol, diesel prices rise again under daily pricing mechanism
The government on Thursday increased petroleum prices once again under the daily pricing mechanism, raising the price of petrol by Rs4.40 per litre and high-speed diesel by Rs3.62 per litre. According to an official notification issued by the Oil and Gas Regulatory Authority (OGRA) and the Petroleum Division, the revised prices took effect immediately. The […]
PSX declines as oil prices fuel market fears
The Pakistan Stock Exchange (PSX) remained under pressure on Friday, extending losses from the previous session as escalating tensions between the United States and Iran, combined with soaring global oil prices, weighed heavily on investor confidence. Read More: PSX had fallen 419.87 points to 175713.69 points on market During intraday trading, the benchmark KSE-100 Index dropped […]
US expands airstrikes on Iran after Red Sea attacks
The United States (US) launched a fresh wave of airstrikes on Iran early Friday, marking the 13th consecutive day of military action, after attacks on two Saudi oil tankers in the Red Sea heightened tensions across the Middle East and threatened global energy supplies. Read More: Trump warns Houthis after Red Sea strikes According to US […]
Oil hits six-week high on Middle East risks
Oil prices climbed to their highest level in more than six weeks on Thursday as escalating Middle East tensions heightened concerns over global energy supplies. Rising risks to key shipping routes supported gains in both Brent crude and US West Texas Intermediate futures. Brent crude futures rose $2.20, or 2.3%, to $96.27 a barrel after […]
Oil prices edged higher as United States launched another round of strikes on Iran
Global oil prices posted modest gains on Wednesday after the United States launched another round of military strikes on Iran, heightening concerns over potential disruptions to global energy supplies amid escalating tensions in the Middle East. Read More: Oil tops $87 amid US–Iran tensions Brent crude futures rose by 50 cents, or 0.55%, to $91.51 per barrel, while […]
PSX gains as lower oil prices lift investor confidence
The Pakistan Stock Exchange (PSX) recorded gains on Tuesday as easing international oil prices and renewed hopes for diplomatic progress between the United States and Iran improved investor sentiment. Read More: PSX losses by more than 3,000 points amid rising oil prices The benchmark KSE-100 Index reached an intraday high of 178,370.45 points, gaining 2,442.72 points […]
Oil prices eased as mediation efforts between the US and Iran offset conflict fears
Global oil prices edged lower on Tuesday as renewed diplomatic efforts to reduce tensions between the United States (US) and Iran helped calm markets, despite continued military exchanges and fresh threats to energy supplies in the Middle East. Read More: Rubio accuses Iran of using Strait of Hormuz as pressure tool Brent crude futures fell […]
Brent oil crosses $90 as US-Iran conflict disrupts Gulf shipments
Global oil markets faced renewed pressure on Monday as Brent crude prices crossed $90 per barrel amid escalating hostilities between the United States and Iran, raising concerns over disruptions to energy supplies through the strategically important Strait of Hormuz. Read More: Brent oil rises to highest since February after Saudi Arabia output cut Brent crude futures […]
US-Iran tensions push oil prices to months-high levels
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, […]