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 […]
Pakistan Hopes to Host Next Iran-US Talks Soon
Prime Minister Shehbaz Sharif on Sunday expressed hope that Pakistan would host the next round of negotiations between the United States and Iran “very soon” as diplomatic efforts intensified to secure a broader regional peace agreement. In a post on X, the prime minister praised Donald Trump for what he called “extraordinary efforts to pursue […]
Govt Reduces Petrol, Diesel Prices for Second Straight Week
Pakistan on Friday reduced petrol and diesel prices for the second consecutive week as the government attempted to ease pressure on consumers following months of sharp increases linked to tensions in the Middle East and disruptions in global oil supplies. According to a notification issued by the Petroleum Division, petrol prices fell by Rs6 per […]
UAE Rushes New Oil Pipeline as Hormuz Crisis Deepens
Abu Dhabi National Oil Company said its new crude pipeline bypassing the Strait of Hormuz is nearly 50% complete. The United Arab Emirates accelerated construction after disruptions linked to the Iran war hit global oil supplies. ADNOC chief Sultan Al Jaber shared the update during a live streamed Atlantic Council event on Wednesday. “Today, it’s […]
Pakistan Could Buy Russian Oil Under New US Licence
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 Warns US of ‘New Fronts’ if Attacks Resume
Iran warned on Tuesday that it would “open new fronts” against the United States if Washington resumes military attacks, escalating tensions despite renewed diplomatic efforts aimed at ending weeks of conflict. The warning came after US President Donald Trump said he had paused a planned assault on Iran to allow negotiations another chance. “If the […]
India, UAE Deepen Military Ties Amid Iran War Tensions
Narendra Modi and leaders of the United Arab Emirates agreed on a framework for a strategic defence partnership on Friday as both countries moved to deepen security and energy cooperation amid continuing instability in the Gulf region. According to a statement from India’s foreign ministry, the agreement covers defence industrial collaboration, maritime security, cyber defence, […]
India Faces Economic Shock as Modi Warns Citizens to Cut Spending
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 […]
Trump Says ‘Fantastic Trade Deals’ Signal New US-China Era
Donald Trump said Friday that he had secured “fantastic trade deals” with Xi Jinping during a high-stakes summit in Beijing that also focused on Iran, Taiwan and artificial intelligence. The two leaders held final meetings at Zhongnanhai, the central leadership compound near Beijing’s Forbidden City. Trump described Xi as a “great leader” and “friend” during […]