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oil markets

US and Iran exchange strikes near Strait of Hormuz

June 6, 2026 by Zuha shahzad

Tensions between the United States and Iran escalated sharply on Saturday after US forces struck Iranian coastal surveillance sites following the interception of drones launched toward the strategically important Strait of Hormuz. Read More: Iran fires warning missiles at US warships  According to the US military, four Iranian drones were shot down after being detected near the vital […]

Filed Under: Top Stories, World Tagged With: Iran, Latest, Middle East conflict, oil markets, regional security, Strait of Hormuz, United States

White House claims full control of maritime traffic amid Iran blockade

April 25, 2026 by Zuha shahzad

The White House has asserted sweeping control over maritime traffic in the Gulf region, declaring that a US-led naval blockade around Iran is tightening and effectively restricting all movement of ships. Read More: Fired Navy secretary John Phelan challenges dismissal In a strongly worded statement, the administration of Donald Trump said the United States now […]

Filed Under: Top Stories, World Tagged With: Geopolitics, global shipping, Latest, naval blockade, oil markets, Strait of Hormuz, US Iran tensions

Pakistan cuts diesel price by Rs 32.12 per liter after Hormuz reopening

April 18, 2026 by Zuha shahzad

The government of Pakistan has announced a significant reduction in diesel price, lowering the rate by Rs 32.12 per litre following improved global oil supply conditions after the reopening of the Strait of Hormuz. Read More: Govt slashes petrol price by Rs 12 per litre, diesel by Rs 135 According to official figures, the price of diesel has dropped […]

Filed Under: Business, Pakistan Tagged With: diesel price cut, energy crisis, inflation relief, Latest, oil markets, Pakistan fuel prices, Strait of Hormuz

US, Russian President hold first talks since US-Israel strikes on Iran

March 12, 2026 by Zuha shahzad

WASHINGTON: Russian President Vladimir Putin’s envoy met with US negotiators in Florida on Wednesday, marking the first direct discussions between the two sides since the start of the US-Israel military campaign against Iran. Read More: US, Israel frame Iran strikes as religious war Steve Witkoff, President Donald Trump’s global envoy, said in a statement on X that the talks […]

Filed Under: World Tagged With: Donald Trump, Iran conflict, Latest, oil markets, Strait of Hormuz, US-Russia talks, Vladimir Putin

China halts fuel exports amid Middle East energy fears

March 5, 2026 by Zuha shahzad

China has instructed its largest oil refiners to suspend exports of diesel and gasoline as concerns grow over potential global energy shortages triggered by the escalating conflict in the Middle East, according to a report by Bloomberg News on Thursday. Read More: Middle East tensions disrupt Pakistan’s meat exports The move comes as tensions in the […]

Filed Under: Top Stories, World Tagged With: China fuel exports, China oil refiners, global energy crisis, Latest, Middle East conflict, oil markets, Strait of Hormuz

Trump urges Iranian authorities to protest as Tehran presses death charges

January 14, 2026 by Zuha shahzad

Iranian authorities have announced that some individuals arrested during recent anti-government demonstrations will face charges punishable by death, as US President Donald Trump urged citizens to continue protesting. Read More: Trump urges Iranians to keep protesting, says ‘help is on its way’ In a post on Truth Social, Trump wrote: “Iranian Patriots, KEEP PROTESTING — TAKE OVER YOUR INSTITUTIONS!!!… […]

Filed Under: Top Stories, World Tagged With: death charges, Donald Trump, Iran protests, Latest, oil markets, Tehran crackdown, US-Iran relations

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