Pakistan’s stock market rebounded on Tuesday as easing global oil prices and renewed optimism over possible US-Iran diplomacy improved investor sentiment following the previous session’s sharp losses. During intraday trading, the benchmark KSE-100 Index at the Pakistan Stock Exchange climbed to a high of 164,309.64 points, gaining 2,504.62 points, or 1.55 per cent. Read More: […]
oil prices
Oil rises after UAE attack sparks fresh supply fears
Global oil prices climbed to their highest levels in nearly two weeks on Monday after a drone attack targeted a nuclear power facility in the United Arab Emirates (UAE), raising concerns over further instability in the Middle East and disruptions to energy supplies. Read More: Pakistan fuel prices surge sharply after global oil shock Brent crude futures […]
Trump and Xi talks boost stocks as oil prices slip
Global stock markets rose and oil prices edged lower after a high-level meeting between US President Donald Trump and Chinese President Xi Jinping, as investors reacted cautiously to hopes of easing trade tensions between the world’s two largest economies. Markets responded positively on the first day of the summit, with optimism that renewed dialogue between […]
China sees drop in petrol consumption
China has recorded a decline in petrol consumption, with overall demand falling by 5.5 percent, according to recent reports highlighting shifting energy trends in the world’s second-largest economy. Officials and industry observers attribute the decrease to a combination of global and domestic factors, including rising international oil prices linked to geopolitical tensions and policy shifts […]
Indian rupee crashes amid rising oil prices and outflows
The Indian rupee fell to a historic low against the US dollar on Tuesday as rising oil prices, foreign investor withdrawals and weak market sentiment intensified pressure on India’s economy. The rupee opened at 95.50 per dollar before slipping further to 95.6250, surpassing the previous record low reached last week and extending losses since the […]
Travelers turn to “plan B” amid Iran war impact
The ongoing Iran-related conflict and rising global oil prices are reshaping summer holiday plans across Europe and beyond, with travellers increasingly opting for flexible and closer-to-home alternatives. Tourists and industry experts say uncertainty in global travel routes, higher airfares and fears of cancellations are pushing people to rethink long-haul vacations and adopt “plan B” strategies […]
Oil prices rise as Iran talks remain uncertain
Global oil prices edged higher on Tuesday as uncertainty surrounding negotiations between the United States and Iran continued to fuel concerns over energy supply disruptions. Read More: Oil prices fall below 100 dollars on Iran deal hopes Brent crude futures rose 30 cents, or 0.29 per cent, to $104.51 per barrel in early Asian trading, while […]
Oil jumps as Trump rejects Iran’s latest peace response
Global oil prices surged on Monday after US President Donald Trump rejected Iran’s latest response to a US peace proposal, renewing fears of prolonged supply disruptions as tensions around the Strait of Hormuz continue to unsettle markets. Read More: Pakistan raises petroleum prices above Rs400 per litre Brent crude futures rose by $4.16, or 4.11 […]
Oil falls and stocks rally on US-Iran deal optimism
Global financial markets rallied on Thursday as optimism over a possible US-Iran peace deal boosted investor sentiment, sending Asian stocks to record highs while oil prices and the US dollar weakened. Read More: Oil rises as US–Iran deal stalls Asian equity markets surged, with Japan’s Nikkei index crossing the 62,000 mark for the first time after returning from […]
Iran standoff risks becoming political pressure for Trump
US President Donald Trump is facing mounting political and economic pressure as the ongoing standoff with Iran shows little sign of reaching a clear military or diplomatic resolution. More than two months into the conflict, analysts warn that an unresolved crisis could leave Trump in a more difficult position than before launching military action, particularly […]