As the Iran war stretches into its third month with no end in sight, Indian Prime Minister Narendra Modi has issued an unusually direct appeal to citizens: spend less, travel less and save fuel as the country braces for mounting economic pressure from soaring energy prices. Speaking at a public event in Hyderabad, Modi urged […]
Pakistan Sees World’s Second-Highest Fuel Price Surge Since Iran War
Pakistan has recorded the world’s second-highest increase in fuel prices since the start of the Iran war, with petrol and diesel prices surging 56 percent amid global energy market disruption and IMF-linked fiscal measures. Data shared by Pakistan’s energy ministry showed the increase trails only Myanmar, where fuel prices rose by 90 percent during the […]
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 […]
Crude Rally Sparks Fears of $140 Oil Amid Rising Tensions
Global markets jolted as the oil price surge global markets intensified following fears that Donald Trump could tighten or prolong measures affecting Iranian oil flows, pushing crude prices sharply higher and fuelling inflation concerns. Oil Prices Spike on Geopolitical Fears Brent crude jumped about 6 percent overnight to a four-year high of $122.53 a barrel. […]
Iran Declares Strait of Hormuz Open For Commercial Ships During Ceasefire Period
Iran has announced that the Strait of Hormuz is now “completely open” for commercial shipping, in a development that signals easing tensions in one of the world’s most critical energy chokepoints. In a statement on X, Iranian Foreign Minister Abbas Araghchi announced that, in line with the Lebanon ceasefire, all commercial shipping through the Strait […]
IMF Demands Fuel Reforms: What It Means for Millions of Pakistanis
Pakistan is once again at a critical crossroads after the International Monetary Fund pushed the government to remove fuel price distortions. The demand has sparked a key question across the country: will fuel prices rise again, or does the government still have room to provide relief? The answer is not simple. It depends on fiscal […]
Fuel Crisis Deepens in Pakistan: Petrol, Diesel Hike Expected as LPG Prices Jump 34%
Pakistan is bracing for another surge in fuel costs, with petrol and diesel prices expected to increase in the coming days, while liquefied petroleum gas prices have already witnessed a sharp hike from April 1, adding further pressure on consumers and businesses. The latest developments come amid rising global oil prices and ongoing economic strain […]
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 […]
Multiple U.S. Fighter Jets Crash in Kuwait as Middle East War Escalates
Several U.S. military fighter jets crashed in Kuwaiti airspace on Monday, March 2, 2026, as tensions in the Middle East intensified into a broader confrontation involving the United States, Iran and allied forces. The Kuwaiti Ministry of Defence confirmed the crashes, stating that all crew members survived and were evacuated safely. Aircraft Crashes Amid War […]