Global oil prices surged on Wednesday as escalating military tensions involving the United States, Iran, and Saudi Arabia fueled fresh concerns over oil supply disruptions in the Middle East. Investors reacted to reports of missile attacks and military operations, driving both Brent crude and US West Texas Intermediate (WTI) crude prices sharply higher. Brent crude…
Global crude oil prices have surged this week as escalating US-Iran tensions and ongoing geopolitical conflicts raised fresh concerns over global energy supplies. The uncertainty has pushed physical crude cargo prices to their highest levels in nearly two months, with some shipments approaching $110 per barrel. Crude oil cargoes across the Middle East, Europe, and…
The federal government has announced a significant increase in petroleum prices, raising the cost of petrol by Rs13.18 per litre and high-speed diesel (HSD) by Rs13.80 per litre amid renewed uncertainty in global oil markets. Following the latest revision, the price of petrol has increased to Rs310.71 per litre, while high-speed diesel will now cost…
The Pakistan Stock Exchange witnessed a notable decline this week as the benchmark KSE-100 index dropped 3.2%, closing at 165,596 points. The downturn was largely driven by uncertainty surrounding the progress of US-Iran peace negotiations, which negatively impacted investor sentiment. Throughout the week, the market showed consistent volatility. The KSE-100 index lost a total of…
Pakistan’s capital Islamabad has been placed under heightened security as Iran’s Foreign Minister Abbas Araghchi arrived for a high-level diplomatic visit focused on regional peace and stability. The expanded Red Zone has been sealed, with major roads closed and strict security measures in place across sensitive areas. The arrangements come amid ongoing diplomatic developments related…
Pakistan has intensified its diplomatic efforts amid rising uncertainty over the second round of Iran–United States talks expected in Islamabad. Deputy Prime Minister and Foreign Minister Ishaq Dar held a key telephonic conversation with Iranian Foreign Minister Abbas Araghchi, stressing the urgent need for continued dialogue and engagement to resolve outstanding issues and maintain regional…
Pakistan is facing renewed inflationary pressure as global crude oil prices surge following escalating tensions in the Middle East. The recent collapse of negotiations between the United States and Iran has disrupted market stability, pushing oil prices above $100 per barrel and raising concerns for import-dependent economies like Pakistan. The sharp increase in crude oil…
Marco Rubio has strongly criticised Iran over its alleged threats to commercial shipping in the strategically vital Strait of Hormuz, calling the actions a serious violation of international maritime law. In remarks shared by the US Department of State, Rubio described the situation as an “outrage” and warned that Iran’s actions could have significant consequences…
Leaders of the Group of Seven (G7) countries have urged US President Donald Trump to bring an immediate end to the ongoing conflict with Iran and ensure the safety of global trade routes passing through the Strait of Hormuz. According to international media reports, the call was made during discussions among G7 leaders, where concerns…
Iran has issued a strong warning stating that it will respond decisively to any military action against its territory while calling on the international community to help reduce tensions in the region. In a letter addressed to António Guterres, Iran’s permanent mission to the United Nations expressed concern over recent statements attributed to Donald Trump,…
