Global oil prices edged lower in early trading on Friday, capping a volatile week as optimism over potential de-escalation in the Iran conflict weighed on markets. Prices retreated after US President Donald Trump said negotiations with Tehran were progressing “very well” and announced a temporary pause in attacks on Iran’s energy infrastructure. Read More: Oil […]
oil prices
South Korea plans $17bn budget to counter oil price surge
SEOUL — South Korea has announced plans to introduce a $17 billion supplementary budget aimed at cushioning the economic impact of rising energy prices driven by the Middle East conflict. UPDATE: South Korea to set out $17bn ‘wartime’ supplementary budget 🔴 LIVE updates: https://t.co/j5zDjucvo7 pic.twitter.com/Oafq0M642E — Al Jazeera Breaking News (@AJENews) March 26, 2026 The […]
Petrol pump owners warn of nationwide shutdown over unresolved issues
ISLAMABAD — The All Pakistan Petrol Pump Owners Association has warned of a nationwide shutdown of petrol pumps if its concerns are not addressed, urging an immediate meeting with Federal Minister for Petroleum Ali Pervez Malik. Read More: Petrol pump owners announce indefinite strike In a letter to the minister, APPPOA Vice Chairman Nouman Ali […]
Philippines declares national energy emergency amid Middle East conflict
MANILA — Philippines President Ferdinand Marcos Jr. has declared a national energy emergency in response to the threat posed by the ongoing U.S.-Israel war with Iran, citing risks to the country’s oil supply and overall energy security. Read More: PM Shehbaz calls for nationwide fuel conservation The executive order, signed on Tuesday, grants Marcos emergency […]
Oil prices dropped as markets react to peace signals
Global markets rallied on Wednesday as oil prices dropped sharply following signs of possible de-escalation in the Middle East conflict, with investors responding to reports of a US peace proposal to Iran. Read More: Oil eases as inflation fears rattle global markets Both major crude benchmarks fell more than six percent, with Brent crude slipping below […]
Oil rises as global markets assess supply risks after Iran denies US talks
Oil prices rose in early trade on Tuesday on supply fears, as Iran denied it had held talks with the United States to end the war in the Gulf, contradicting President Donald Trump, who said a deal could be reached soon. Crude futures dropped more than 10% on Monday, after Trump said he had ordered […]
Miftah Ismail urges caution on Pakistan’s ethanol blending policy
ISLAMABAD — Miftah Ismail has called for a careful and thoroughly researched approach to Pakistan’s ethanol blending policy, emphasizing that hasty decisions could create challenges for both the industry and consumers. Read More: Sugar millers demand deregulation to boost industry growth and exports Speaking to The News, the Awaam Pakistan Party (APP) leader noted that […]
Oil prices rebound as Iran denies US talks
Global oil prices edged higher in early trading on Tuesday as supply concerns resurfaced after Iran denied holding talks with the United States (US), contradicting claims by Donald Trump that negotiations were underway to ease tensions in the Gulf. Read More: Oil prices tumble as Trump delays Iran strikes Brent crude futures rose $1.06, or 1.1%, […]
Trump Iran policy shift unsettles markets and allies
WASHINGTON — Donald Trump once again demonstrated his unpredictable approach to foreign policy with a dramatic shift on Iran, sending shockwaves through global markets and raising fresh questions about the consistency of US strategy. Read More: Trump delays Iran grid attacks, says talks ongoing to end war After issuing stern warnings over the weekend, including a 48-hour ultimatum […]
Oil prices slide, European stocks rebound on Trump’s Iran remarks
Oil prices tumbled and European stock markets rebounded Monday in volatile trading as US President Donald Trump suddenly ordered a halt to strikes on Iranian energy infrastructure after claiming “very good” talks with Tehran. Crude futures plunged more than 14 percent after Trump’s comments on his Truth Social platform, a sharp contrast to his threatening […]