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 […]
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 […]
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 […]
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. […]
Oil Prices Fall on Ceasefire Hopes in Middle East, Offering Relief to Global Markets
Global oil prices dropped sharply after growing optimism over a possible ceasefire in the Middle East eased fears of supply disruptions, offering potential relief to economies and consumers worldwide. Oil Prices Drop on Peace Signals Oil markets reacted strongly after reports suggested that the United States had proposed a ceasefire plan to Iran, raising hopes […]
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 Prices Drop After Trump Signals Possible End to Middle East War
Global oil prices fell sharply after surging to their highest levels in years, following comments from US President Donald Trump suggesting that the ongoing war in the Middle East could end sooner than expected. The sudden shift in sentiment eased fears of prolonged supply disruptions that had rattled energy markets earlier in the week. The […]
Strait of Hormuz Shutdown Sparks Fuel Shortage Fears: Five Ways Countries Can Reduce Fuel Use
The ongoing conflict involving Iran, United States and Israel has triggered one of the most serious global energy crises in recent years. Following military strikes by the United States and Israel on Iranian targets in late February 2026, Iran responded by shutting down shipping through the Strait of Hormuz, a critical maritime route for global […]