Fresh US military strikes on southern Iran have cast serious doubt over a fragile ceasefire between Washington and Tehran, while renewed tensions across the Middle East rattled oil markets and complicated diplomatic efforts to end months of conflict. The strikes targeted missile launch sites and boats allegedly attempting to lay naval mines near the Strait […]
Crude Oil Slides to Two-Week Low After Trump Signals Major Iran Breakthrough
Global oil prices dropped sharply on Monday after signs emerged that the United States and Iran were moving closer to a potential peace agreement that could eventually reopen the Strait of Hormuz, one of the world’s most critical energy routes. Brent crude futures fell $4.71, or 4.55%, to settle near $98.83 per barrel. US West […]
Petrol Crosses Rs414 as Pakistan Announces Massive Fuel Hike
Pakistan’s federal government on Friday increased petrol and high-speed diesel prices by nearly Rs15 per litre each, extending a series of sharp fuel hikes that have intensified inflation concerns across the country. According to a notification issued by the Petroleum Division, the new prices took effect from May 9. Petrol prices rose from Rs399.86 to […]
Oil Falls as US Moves to Free Stranded Ships in Strait of Hormuz
Oil prices edged lower on Monday after Donald Trump said Washington would begin efforts to free ships stranded in the Strait of Hormuz, although the absence of a US-Iran peace deal kept crude trading above $100 a barrel. Brent crude futures fell 64 cents, or 0.59%, to $107.53 a barrel by 2308 GMT, extending a […]
KSE-100 Records Historic 15,000-Point Crash as Geopolitical Fears Rattle Markets
The Pakistan Stock Exchange (PSX) witnessed one of the most dramatic sell-offs in its history on Monday as the benchmark KSE-100 Index plunged more than 15,000 points shortly after the market opened. Trading commenced normally in Karachi, but panic selling quickly swept across sectors within minutes, sending shockwaves through the investor community. Sharp Drop Triggers […]