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, […]
oil prices
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 […]
PSX gains as oil prices ease on diplomacy hopes
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 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 […]