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: US Iran tensions
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FO says Chinese FM’s remarks on Iran conflict were misrepresented in media reports
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...
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Trump rejects Iran’s latest peace proposal, dimming hopes for war breakthrough
US President Donald Trump is reportedly dissatisfied with Iran’s latest proposal to end the ongoing conflict, casting doubt over prospects for a near-term peace agreement. According to US officials, the proposal fails to meet Washington’s key demands, particularly regarding Iran’s nuclear programme. Iran’s plan reportedly focuses on ending hostilities first and resolving disputes over shipping...
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US seizure of Iranian ship puts fragile Middle East ceasefire at risk
Global powers are reassessing the future of a fragile Middle East ceasefire after the United States seized an Iranian-flagged cargo vessel near the Strait of Hormuz. The incident followed a prolonged naval standoff, during which US forces disabled and boarded the ship, alleging it attempted to breach an American-imposed blockade on Iranian ports. Tehran condemned...