Global concerns over an escalating energy crisis intensified as the ongoing conflict involving Israel and Iran entered its fourth week, with warnings that the situation could surpass the combined impact of the 1970s oil shocks. Read More: Pakistan cancels March 23 parade amid energy crisis The head of the International Energy Agency, Fatih Birol, cautioned that […]
oil prices
Indian Rupee hits record low amid conflict fears
Mumbai: The Indian rupee slid to a record low on Monday as escalating tensions in the Middle East raised concerns about prolonged disruptions to global energy supplies, posing risks to India’s economic outlook. Read More: Indian rupee falls past 90 per dollar on trade worries The currency weakened to 93.84 against the US dollar, surpassing its […]
Two cities to host PSL in empty stadiums due to spike in oil prices
Pakistan´s premier domestic T20 league will take place in empty stadiums due to the recent spike in oil prices, a top official of the Pakistan Cricket Board said on Sunday. The Pakistan Super League was set to be played in six cities, but now only Lahore and Karachi will be hosting the games with the […]
Oil prices could hit $180 amid Iran conflict, Saudi warns
Saudi officials have cautioned that oil prices could surge to $180 per barrel by late April if the Iran war continues disrupting critical Middle East energy supplies and global markets. The warning comes as attacks on oil and gas infrastructure across the Gulf, including Saudi facilities at Yanbu and Qatar’s Ras Laffan, have already […]
Iran seeks lasting resolution as conflict escalates
ISLAMABAD: As tensions intensify in the Middle East, Iran has signalled that it is not interested in a temporary ceasefire but is instead pushing for a long-term resolution to the ongoing conflict with the United States and Israel. Read More: Iran offers mediation to ease Pakistan-Afghanistan tensions Analysts describe the situation as a complex strategic deadlock, […]
Oil eases as inflation fears rattle global markets
Global markets remained volatile on Friday as oil prices eased, while bond markets continued to reflect investor anxiety over rising inflation risks linked to the ongoing Middle East conflict. Brent crude fell about 3% to around $105 per barrel, while US crude dropped more than 2% to near $94. The pullback followed efforts by major […]
Brent crude oil tops $114 as Iran strikes fuel supply fears
Global oil prices surged on Thursday, with Brent crude climbing above $114 per barrel after Iran launched attacks on key Gulf energy infrastructure and warned of further escalation. Oil and natural gas prices soar, Brent crude nears $114 as Iran attacks Gulf energy facilities https://t.co/W4LwkkVX1o pic.twitter.com/aCoUr18uAO — WAVE (@wave3news) March 19, 2026 The price rally […]
Pakistan Stock Exchange falls as oil spike fuels inflation fears
Stocks at the Pakistan Stock Exchange dropped on Thursday as a sharp rise in global oil prices, driven by escalating attacks on Gulf energy infrastructure, triggered investor concerns over inflation and fuel costs. The benchmark KSE-100 traded between a high of 152,698.51 (down 1,593.74 points or 1.03%) and a low of 150,728.17 (down 3,564.08 points […]
Oil prices surge as Iran attacks energy sites
Global oil prices jumped sharply on Thursday after Iran launched attacks on energy facilities across the Middle East, escalating tensions in its conflict with the United States and Israel. Benchmark Brent crude rose as much as $5 per barrel during early trading, later standing at $112.04, up $4.66 or 4.3%. Meanwhile, West Texas Intermediate crude […]
KSE-100 rallies over 3,600 points amid cautious investor sentiment
KARACHI — The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index surged on Wednesday, continuing its recovery from earlier losses. During intraday trading, the index gained 3,619.38 points, or 2.41 percent, to reach 153,635.54 points by 12:06 pm, up from Tuesday’s close of 150,016.16 points. Read More: PSX turns bullish, gains 837 points The index had […]