Global oil prices rose sharply on Monday after renewed military tensions between the United States and Iran, coupled with Israel’s decision to push further into Lebanon, heightened concerns over energy supplies from the Middle East. Brent crude climbed above $93 per barrel, while US West Texas Intermediate (WTI) crude rose above $90, reversing some of...
Tag: Energy News
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Oil Prices Hit Two-Week Low as US-Iran Deal Hopes Ease Market Fears
Global oil prices fell sharply to a two-week low after growing optimism that the United States and Iran may be moving closer to a diplomatic agreement aimed at easing tensions in the Middle East. Brent crude futures dropped more than 5% to below $100 per barrel, while US West Texas Intermediate (WTI) crude also recorded...
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Electricity Gets Costlier Across Pakistan, Including Karachi
Islamabad: Electricity prices have been increased by 8 paise per unit across the country, including Karachi, under the monthly fuel price adjustment mechanism. According to a notification issued by the National Electric Power Regulatory Authority (NEPRA), the price hike applies to electricity consumers in accordance with government policy guidelines. The additional charges will be reflected...