Global oil prices climbed to their highest levels in months as tensions between the United States and Iran intensified. The rally pushed Brent crude above $87 per barrel and triggered declines across major global stock markets. Higher energy prices could increase inflationary pressures in oil-importing countries, including Pakistan. Brent crude rose $3.10, or 3.68%, to […]
global oil prices
Trump proposes US-run Hormuz security
US President Donald Trump said on Monday that the United States should take control of the Strait of Hormuz and be compensated for protecting the strategic waterway. His remarks came as military tensions with Iran intensified and shipping through the vital oil route remained disrupted. The proposal underscores growing concerns over global energy security and […]
Petrol relief linked to global prices: Minister
Petroleum Minister Ali Pervaiz Malik said the government would pass on any benefit to consumers if international petrol prices decline further. He said imported petrol remains significantly more expensive despite lower global crude oil prices. The remarks came amid public concerns over domestic fuel prices. Speaking to reporters at Parliament House, the minister said crude […]
Oil prices fluctuate amid market uncertainty
Global crude oil prices remained volatile on Monday, with Brent crude trading around $71 per barrel and US West Texas Intermediate (WTI) hovering near $68 per barrel. The price fluctuations reflected continued uncertainty in global energy markets. Meanwhile, investors closely monitored developments across commodity and financial markets. According to international market data, Murban crude, the […]
Global oil falls, Pakistan fuel unchanged
Global crude oil prices have returned close to pre-war levels, yet Pakistan has kept petrol and diesel prices unchanged for the coming week. The decision means consumers will not benefit from the latest decline in international oil markets. Analysts say the move has sparked fresh debate over fuel pricing and government policy. Brent crude fell […]
Government forms fuel pricing committee
The government has formed a high-level committee to develop a weekly petroleum pricing formula. The move aims to pass global oil price reductions to consumers more quickly. The decision could affect millions of Pakistanis through changes in fuel costs and transportation expenses. Petroleum Minister Ali Pervaiz Malik announced the development in an official statement. He […]
Iranian oil exports resume after deal
At least three tankers carrying Iranian oil have passed through the US naval blockade following a framework agreement between Washington and Tehran. The development signals a gradual return of Iranian crude exports to global markets. Energy traders, oil producers, and major importers are closely monitoring the renewed supply flow. Shipping data from Kpler, Vortexa, and […]
Israel hits petrochemical plant in Iran
Israel struck a petrochemical plant and other military targets in Iran on Monday, escalating regional tensions. The attack marked the first strike on an Iranian energy facility since the April ceasefire. The developments affect regional stability, global energy markets, and ongoing diplomatic efforts between Washington and Tehran. Israeli officials said the military targeted facilities within […]
Pakistan pushes fresh US-Iran peace efforts
Pakistan intensified diplomatic efforts to help advance peace talks between the United States and Iran amid rising regional tensions. Interior Minister Syed Mohsin Naqvi held fresh discussions with Iranian Foreign Minister Abbas Araqchi in Tehran on Friday. The talks focused on proposals aimed at ending the ongoing US-Israeli conflict and easing global economic concerns. Iranian […]
Trump signals short wait for Iran peace deal
US President Donald Trump has said Washington is prepared to launch further attacks on Tehran if a peace deal is not reached, while indicating he is willing to wait “a few days” for negotiations to progress. Read More: Iran, US negotiations reach decisive final stage Speaking to reporters at Joint Base Andrews on Wednesday, Trump […]