Global oil prices climbed sharply on Thursday after tensions between the United States and Iran intensified, raising fresh concerns about energy supplies from the Middle East. Investors reacted to reports of further military escalation and growing uncertainty surrounding one of the world’s most important oil transportation routes. Brent crude rose by $1.48 to reach $94.58 […]
oil prices
Oil climbs as US-Iran tensions flare again
Oil prices climbed on Wednesday, moving away from a seven-week low touched in the previous session, after the US military launched new strikes against Iran and as market data showed another large draw in US crude stocks. Brent futures rose 66 cents, or 0.7%, to $92.11 a barrel at 0406 GMT, while US West Texas […]
Oil prices jump as Middle East tensions escalate
Global oil prices surged on Monday after renewed military tensions in the Middle East raised fears of prolonged supply disruptions and further instability in energy markets. Read More: PSX tumbles as Middle East tensions fuel oil price surge Brent crude futures climbed by more than $3 a barrel, rising 3.39 percent to $96.24 per barrel, while US […]
PSX tumbles as Middle East tensions fuel oil price surge
The Pakistan Stock Exchange (PSX) came under heavy selling pressure on Monday as escalating tensions in the Middle East and a sharp rise in global oil prices dampened investor sentiment and raised concerns about Pakistan’s economic outlook. Read More: PSX gains as oil prices ease on diplomacy hopes The benchmark KSE-100 Index fell more than 1% […]
FCCI welcomes decrease in oil prices
The business community, including the Faisalabad Chamber of Commerce and Industry (FCCI), welcomed the decrease in oil products prices and said that reduction in the prices of petrol and high-speed diesel (HSD) by Rs 22 per liter would provide major relief to citizens and the industrial sector. In a statement here on Saturday, FCCI Vice […]
Oil prices fall 2% as market awaits possible US-Iran ceasefire deal
Oil futures fell 2% on Friday and were on track for their steepest weekly decline since early April after reports that the U.S. and Iran had reached agreement on a potential ceasefire extension. Brent crude futures for July, which expire later on Friday, were down $1.89, or 2%, at $91.82 a barrel by 1309 GMT. […]
Iran war drives sharpest petrol demand fall in years
Fuel consumption in the United Kingdom has recorded its steepest decline in six years as rising energy prices linked to the US-Iran conflict continue to pressure households. Motorists have reduced travel and fuel usage as costs surge across transport and essential goods markets. According to official data released on May 22, petrol and diesel sales […]
Oil prices rise amid uncertainty over US-Iran talks
Oil prices rose on Friday as investors remained uncertain about the prospects of a breakthrough in ongoing negotiations between the United States and Iran, despite signs of limited diplomatic progress. Read More: Oil prices fall below 100 dollars on Iran deal hopes Global benchmark Brent crude climbed 1.6 per cent to more than $104 a barrel, […]
US, Iran ongoing negotiations show progress despite key disputes
The United States (US) and Iran remain divided over major issues in ongoing negotiations, but officials from both sides have reported signs of progress as diplomatic efforts continue amid regional tensions. Read More: Iran, US negotiations reach decisive final stage Speaking at the White House, Donald Trump said Washington would eventually secure Iran’s stockpile of highly enriched […]
PSX surges 1,900 points amid renewed investor confidence
The Pakistan Stock Exchange (PSX) continued its bullish momentum on Wednesday as strong buying activity pushed the market significantly higher during intraday trade. Read More: PSX rebounds to gain over 1,090 points The benchmark KSE-100 Index gained 1,934.74 points, or 1.19%, reaching 164,831.42 points at 3:44 pm compared to the previous close of 162,896.68 points. The […]