Global oil prices fell by more than 1% on Friday as improved crude shipments through key maritime routes eased supply concerns, even as the conflict between the United States and Iran continued to fuel geopolitical uncertainty. Brent crude futures declined by $1.03, or 1.2%, to $88 per barrel, while US West Texas Intermediate (WTI) crude...
Global oil prices climbed to their highest levels in nearly six weeks on Wednesday as escalating tensions in the Middle East raised fresh concerns about potential disruptions to crude supplies. Brent crude futures rose above $92 per barrel, while US West Texas Intermediate (WTI) crude also advanced as investors reacted to heightened geopolitical risks and...
Global oil prices moved higher as renewed hostilities in the Middle East intensified concerns over potential disruptions to energy supplies and key shipping routes. The latest gains come amid escalating military tensions between the United States and Iran, prompting investors to closely monitor developments in one of the world’s most important oil-producing regions. Brent...
Iran has warned that it could block additional strategic maritime routes if the United States continues to tighten pressure through an expanded naval blockade ordered by US President Donald Trump. The latest warning marks a significant escalation in tensions between Washington and Tehran, raising concerns about global trade and energy security. According to Iranian officials,...
Tensions in the Strait of Hormuz intensified after Iran’s Islamic Revolutionary Guard Corps (IRGC) reportedly disabled two commercial vessels attempting to navigate the strategic waterway amid an expanding United States naval blockade on Iranian ports. The latest incident marks another significant escalation in the ongoing confrontation between Tehran and Washington. According to reports, the two...
Pakistan’s stock market came under intense selling pressure on Monday as escalating military tensions between the United States and Iran rattled investor confidence, sending the benchmark KSE-100 Index down by more than 1,700 points during intraday trading. The sharp decline began immediately after the opening bell, with investors rushing to offload shares amid growing...
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...
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...
Japan is considering releasing an additional 20 days’ worth of oil from its strategic reserves as uncertainty persists over the reopening of the Strait of Hormuz, a key global energy route. The move, reported by Kyodo News, could take place as early as May if supply disruptions continue. The country, which relies on the Middle...
The government has announced the revised prices of petroleum products for the next 15 days. According to the Ministry of Finance, the price of petrol has been increased by Rs 2.43 per litre, while the price of high-speed diesel has been raised by Rs 3.20 per litre. The official notification stated that the new price...