Pakistan could gain temporary access to Russian crude oil under a new 30-day licence issued by the United States Department of the Treasury, diplomatic sources told Dawn, as Washington attempts to ease mounting pressure on global energy markets. The temporary measure aims to help energy-vulnerable countries secure crude supplies during ongoing disruptions caused by tensions […]
Iran and US Close to Gulf War Agreement, Report Says
The United States and Iran are moving closer to a possible agreement aimed at ending the conflict in the Gulf, according to sources familiar with the talks. The proposed deal could ease tensions around the Strait of Hormuz after weeks of military escalation and disruptions to global energy supplies. A source confirmed that a report […]
US pauses ‘Project Freedom’ amid breakthrough talks with Iran
United States President Donald Trump said on Tuesday he would briefly pause a military-backed operation escorting commercial ships through the Strait of Hormuz, citing “great progress” toward a comprehensive agreement with Iran. The move came hours after Secretary of State Marco Rubio detailed the effort, which began on Monday to guide stranded tankers out of […]
Oil Price Hits $107 as Trump Signals More Strikes on Iran
Global oil markets surged sharply after US President Donald Trump warned of intensified military action against Iran, raising fears of prolonged conflict and further disruption to global energy supplies. Brent crude jumped to $107.60 per barrel, while West Texas Intermediate rose about 6.4% to around $106.50, as traders reacted immediately to the remarks. The spike […]
After 5-Day Pause, US President Donald Trump Extends Iran Attack Halt by 10 More Days
US President Donald Trump has announced a fresh 10-day pause on attacks targeting Iran’s energy infrastructure, just three days after initially ordering a 5-day halt. The move signals a cautious shift toward diplomacy, even as tensions between the two sides remain high. Trump said negotiations are “going very well,” but added that he is not […]
Trump Pressures Allies to Secure Strait of Hormuz but Nations Hold Back
US President Donald Trump has called on multiple countries to deploy naval forces to secure the Strait of Hormuz, as tensions in the Middle East continue to escalate. However, key allies have so far stopped short of committing military support, exposing divisions over how to respond to the crisis. Speaking to reporters, Trump said he […]
Oil, Weapons and Gold: The Industries Profiting From the Iran-US Tensions
Energy exporters, refiners and defense companies often gain when global conflicts disrupt markets. Dubai: Tankers idling near the Gulf, traders scrambling for alternative crude supplies and defense companies preparing for new military orders. History shows that wars rarely leave financial markets untouched. The latest escalation between Iran and the United States has sent shockwaves through […]