The United States (US) military has announced that it will impose a blockade on all Iranian Gulf ports starting Monday at 1400 GMT, a move that sharply escalates tensions with Iran and raises fears of wider regional conflict. Read More: Strait of Hormuz: key oil route in middle of US–Iran crisis According to a statement from US […]
oil prices
Oil prices rise after lack of progress in negotiations between Iran and US
Global oil prices have surged following a lack of progress in negotiations between Iran and the United States (US), raising concerns over supply stability and geopolitical tensions. Read More: Oil prices surge as US Iran tensions escalate According to market reports from Singapore, crude oil prices climbed sharply after talks held in Islamabad ended without a breakthrough. The […]
Petrol prices may drop sharply in Pakistan
Petroleum product prices in Pakistan are expected to see a significant reduction following a sharp decline in global oil markets, offering potential relief to consumers burdened by rising inflation. According to industry sources, petrol prices could decrease by up to Rs55 per litre, while diesel prices may witness a substantial cut ranging between Rs95 and […]
Oil prices fall after diplomatic developments led by Pakistan
Global oil prices have dropped sharply following recent diplomatic developments led by Pakistan, which contributed to a ceasefire understanding between Iran and the United States. The easing of tensions has had an immediate and positive impact on international energy markets and investor sentiment. Read More: Oil Prices Drop After Pakistan Proposal Shakes Global Market According to […]
Global oil prices climbed sharply as Hormuz tensions disrupt supply
Global oil prices climbed sharply on Monday as escalating conflict in the Middle East disrupted key supply routes, particularly through the strategically vital Strait of Hormuz. Read More: OPEC+ agrees to boost oil output when Hormuz reopens Brent crude futures rose 1.6% to $110.74 a barrel, while West Texas Intermediate gained 0.6% to $112.25, extending last week’s […]
Oil prices surge as US Iran tensions escalate
Global oil markets recorded sharp gains as escalating tensions between the United States (US) and Iran raised fears of prolonged supply disruptions. Prices surged after President Donald Trump vowed to intensify military operations, heightening uncertainty in already volatile markets. Read More: IMF urges Pakistan to revise oil prices amid Middle East crisis Brent crude futures climbed nearly […]
Global fears rise as Hormuz tensions escalate between United States and Iran
Global concern is mounting over disruptions in the Strait of Hormuz as tensions intensify between United States and Iran. Efforts by dozens of countries to restore the flow of energy shipments through the critical route have stalled amid escalating threats and ongoing conflict. Read More: Gulf states seek UN mandate for force to protect Hormuz US […]
UAE fuel prices surge sharply in latest revision
Fuel prices in the United Arab Emirates (UAE) have recorded a significant increase, with both petrol and diesel rates rising sharply under the latest revision announced by authorities. Read More: UAE hikes petrol and diesel prices sharply According to the updated pricing structure, petrol rates have increased by more than 30 percent, while diesel has seen an even […]
PSX KSE-100 over 4,000 points amid geopolitical tensions
KARACHI – The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index suffered a sharp decline on Monday, dropping more than 4,000 points during intraday trading. Read More: PSX witnesses strong bullish trend, gains 4,347 points By 12:09pm, the index fell by 4,770.14 points, or 3.14 percent, to 146,937.37 points from the previous close of 151,707.51 points. Analysts […]
IMF urges Pakistan to revise oil prices amid Middle East crisis
ISLAMABAD: The International Monetary Fund (IMF) has shared the Memorandum of Economic and Financial Policies (MEFP) with Pakistan authorities after finalizing key outlines of the 2026–27 budget, while urging more frequent adjustments to oil prices to reflect global market fluctuations. Read More: Govt plans Rs 5 fuel levy hike ahead of IMF deal Pakistan and the IMF have exchanged […]