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...
Iran has announced that it will not fulfil its obligations under the Islamabad Memorandum of Understanding (MoU) until the United States fully complies with its own commitments, signalling a further deterioration in the fragile agreement brokered to ease tensions between the two countries. Speaking at a weekly press briefing, Iranian Foreign Ministry spokesperson Esmaeil Baghaei...
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...
Iran has warned that any new military aggression by the United States would provoke a much stronger response, as tensions continue despite ongoing diplomatic efforts aimed at preventing further conflict in the region. Speaking on Tuesday, Iranian Parliament National Security Commission spokesperson Ebrahim Rezaei said Tehran was fully prepared to respond if Washington resumed attacks....
Pakistan’s Foreign Office has clarified that remarks made by Chinese Foreign Minister Wang Yi during a phone conversation with Deputy Prime Minister and Foreign Minister Ishaq Dar were misrepresented by sections of the media. The FO stressed that the discussion took place in a cordial atmosphere and focused on regional peace efforts. According to the...
Gwadar Port is rapidly gaining strategic and economic importance as tensions in the Strait of Hormuz continue to disrupt regional shipping routes and global energy trade. Officials and analysts believe the port could serve as a safer alternative corridor for trade and logistics during the ongoing crisis. According to Gwadar Port Authority Chairman Noorul Haq...