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 […]
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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 […]
Gulf oil producers lose $15 billion amid Strait of Hormuz disruptions
DUBAI — Gulf oil producers have suffered a staggering $15.1 billion in lost energy revenues since the escalation of US and Israeli strikes on Iran, as millions of barrels of crude oil have been stranded due to the near-shutdown of the Strait of Hormuz, the Financial Times reported. Read More: Iran allows two Indian LPG […]
Pakistan asks Qatar to divert 24 LNG cargoes
ISLAMABAD – Pakistan has asked Qatar to divert 24 of its contracted LNG cargoes to the international market in 2026 due to declining domestic demand and an oversupply of imported gas, The News reported on Saturday. Officials from the Petroleum Division said the proposal would be finalised by the end of October under the Net […]