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 prices
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 […]
PSX falls amid global tensions and trade deficit concerns
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 […]
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 […]