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 […]
oil prices
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 […]
Oil prices slip as Trump signals progress in Iran talks
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 […]
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 […]