The Pakistan Stock Exchange came under pressure on Tuesday as selling returned after a brief rally, reflecting investor caution amid rising global tensions and domestic economic concerns. The benchmark KSE-100 Index dropped sharply in early trade, losing more than 1,300 points before partially recovering later in the session. During trading, the index fell to 162,532.98 […]
oil prices
US Iran tensions rise as both sides compete for influence over Strait of Hormuz
Fresh military exchanges between the United States (US) and Iran have intensified tensions in the Gulf as both sides compete for influence over the Strait of Hormuz, a critical global oil shipping route. Read More: Iran Releases New Map Claiming Control of Strait of Hormuz On Monday, the US and Iran exchanged missile, drone, and naval attacks […]
Iran rejects US blockade as gulf tensions push oil prices higher
Iran’s leadership has strongly rejected US pressure over a reported naval blockade of its ports, as escalating tensions in the Gulf region pushed global oil prices to their highest level in years. Read More: Trump weighs prolonged Iran blockade as tensions escalate sharply In a statement broadcast on Iranian state television, Supreme Leader Ayatollah Ali Khamenei said […]
Mortgage rates rise in the United States after three-week decline
WASHINGTON: Mortgage rates in the United States moved higher this week, ending a three-week decline as global energy market volatility and inflation concerns pushed borrowing costs upward. Read More: Rate-starved US banks happily gobble mortgage business According to the latest market update, the average 30-year fixed mortgage rate climbed to 6.3%, reversing the downward trend seen over […]
Govt raises petrol by Rs6.51 per litre, diesel prices by Rs19.39 per litre from May 1
ISLAMABAD: The federal government has increased the prices of petrol and high-speed diesel (HSD), with the revised rates taking effect from May 1, 2026, according to a notification issued by the Petroleum Division. Read More: Petrol, diesel get costlier by nearly Rs 27 per litre Under the latest revision, petrol prices have been raised by Rs6.51 per […]
UAE raises petrol prices by nearly 8% for May
DUBAI: The United Arab Emirates has increased petrol prices by nearly 8% for May while keeping diesel rates unchanged, according to the UAE Fuel Price Committee. The revised prices will take effect from May 1 and reflect rising global crude oil costs as well as ongoing geopolitical tensions in the Middle East. Read More: UAE […]
PSX falls as oil surge, rate hike pressure market
The Pakistan Stock Exchange (PSX) came under significant pressure on Thursday as rising global oil prices and concerns over monetary tightening dampened investor sentiment. Read More: Oil prices hit four-year high amid Hormuz tensions The benchmark KSE-100 Index experienced sharp volatility during the trading session, hitting an intraday high of 164,357.47 points before sliding to a […]
Oil prices hit four-year high amid Hormuz tensions
Global crude oil prices have surged to their highest levels in four years following renewed tensions surrounding Iran and continued uncertainty over the Strait of Hormuz. Read More: Pakistan oil bill hits record $800m: PM Shehbaz The latest increase came after US President Donald Trump announced that restrictions linked to Iran’s maritime activities would remain in place, […]
Trump has intensified pressure on Iran, claiming the country is in a “state of collapse”
US President Donald Trump has intensified pressure on Iran, claiming the country is in a “state of collapse” as tensions over the Strait of Hormuz continue to rise amid stalled peace talks. Read More: Trump highlights Pakistan ties, Iran conflict remarks In a post on Truth Social, Trump said Iran had reportedly informed Washington that it urgently wanted […]
Oil prices surge above $108 as Middle East tensions keep markets on edge
Global oil prices climbed sharply on Monday as fears of continued supply disruptions from the Middle East outweighed cautious optimism over possible diplomatic developments between the United States and Iran. Read More: Oil prices rise amid Middle East tensions Brent crude rose 2.75% to $108.23 per barrel, while West Texas Intermediate (WTI) gained 2.09% to $96.37. […]