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
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. […]
Oil prices rise amid Middle East tensions
Global oil prices surged by more than two percent as escalating tensions in the Middle East continued to unsettle energy markets, raising concerns about supply disruptions. Read More: Pakistan raises petrol and diesel prices amid global oil pressure Benchmark Brent crude oil climbed to around $107 per barrel, while West Texas Intermediate (WTI) reached approximately $96 per […]
Asian markets showed mixed performance as oil rises on Iran tensions
Asian stock markets showed a mixed performance on Friday as rising geopolitical tensions between the United States and Iran kept investors cautious, while oil prices continued to climb amid ongoing uncertainty. Read More: Oil rises further above $100, most Asian stocks fall as Iran war rages A broad regional index of Asia-Pacific shares outside Japan edged up slightly, […]
KSE-100 dropped below 170,000 amid market pressure
Pakistan’s benchmark stock index, the KSE-100 Index, dropped below the 170,000 level on Thursday as bearish sentiment continued to dominate trading at the Pakistan Stock Exchange (PSX). Read More: PSX turns bearish, loses over 1,576 points During intraday trading, the index plunged by more than 2,700 points, falling to 168,828.24 compared to the previous close […]
Oil prices surge near $100 amid Iran tensions
Global financial markets turned cautious on Tuesday as escalating tensions linked to the Iran conflict pushed oil prices sharply higher, raising fresh concerns about supply disruptions and inflationary pressure. Read More: Oil prices surge as Strait of Hormuz closes again Brent crude rose by around 4.5% to $99.78 per barrel, while West Texas Intermediate climbed 5.3% to […]
Global oil prices rise 7% amid Iran-US tensions
Global oil prices have surged following escalating tensions between United States and Iran, with fears of further conflict impacting energy markets. Read More: Govt slashes diesel rate by Rs 32.12 as oil prices fall globally According to market data, Brent crude — the international benchmark — rose by around 5 percent, increasing by $5.13 to reach $95.51 per […]
US extends Russian oil waiver amid global energy pressure
The United States (US) has renewed a waiver allowing countries to purchase sanctioned Russian oil already at sea, in a move aimed at easing global energy pressures triggered by ongoing geopolitical tensions and the Iran conflict. Read More: US ends waiver on India discounted purchases of Russian oil According to the US Department of the Treasury, the waiver permits […]