The Pakistan Stock Exchange (PSX) recorded gains on Tuesday as easing international oil prices and renewed hopes for diplomatic progress between the United States and Iran improved investor sentiment. Read More: PSX losses by more than 3,000 points amid rising oil prices The benchmark KSE-100 Index reached an intraday high of 178,370.45 points, gaining 2,442.72 points […]
oil prices
Oil prices eased as mediation efforts between the US and Iran offset conflict fears
Global oil prices edged lower on Tuesday as renewed diplomatic efforts to reduce tensions between the United States (US) and Iran helped calm markets, despite continued military exchanges and fresh threats to energy supplies in the Middle East. Read More: Rubio accuses Iran of using Strait of Hormuz as pressure tool Brent crude futures fell […]
Brent oil crosses $90 as US-Iran conflict disrupts Gulf shipments
Global oil markets faced renewed pressure on Monday as Brent crude prices crossed $90 per barrel amid escalating hostilities between the United States and Iran, raising concerns over disruptions to energy supplies through the strategically important Strait of Hormuz. Read More: Brent oil rises to highest since February after Saudi Arabia output cut Brent crude futures […]
US-Iran tensions push oil prices to months-high levels
Escalating tensions between the United States and Iran have pushed global oil prices to their highest levels in several months, while stock markets around the world faced selling pressure amid growing concerns over energy supply disruptions. Read More: Petroleum prices likely to rise in next review Oil prices surged by nearly 4 per cent on Friday, […]
Oil rises as US-Iran tensions escalate
Oil prices edged higher on Friday as escalating hostilities between the United States and Iran raised concerns over global energy supplies. Market sentiment was also affected by reports that Iran asked its Houthi allies to prepare for a possible closure of the Red Sea export route. The renewed tensions have increased fears of disruptions to […]
Petroleum prices likely to rise in next review
Petroleum prices in Pakistan are expected to increase significantly in the upcoming fortnightly review, with high-speed diesel (HSD) likely to become up to Rs40 per litre more expensive and petrol projected to rise by around Rs10 per litre. Read More: Petrol, diesel prices rise by Rs13 The anticipated increase is linked to higher international crude oil prices […]
PSX rebounds as KSE-100 gains 2,600 points amid easing tensions
Pakistan Stock Exchange (PSX) continued its recovery on Thursday as investor confidence improved following signs of possible diplomatic engagement between the United States and Iran, along with relative stability in global oil prices. Read More: Bloodbath at PSX as index sheds over 6,400 points The benchmark KSE-100 index gained around 2,600 points during early trading, extending the positive […]
Trump renews Iran port blockade, warns of more strikes
US President Donald Trump has announced the reinstatement of a naval blockade on Iranian ports and warned that additional military strikes could target Iran’s energy infrastructure unless Tehran returns to negotiations. According to US officials, the blockade was reimposed after Iran allegedly carried out attacks on commercial shipping in the Strait of Hormuz. The United […]
Oil prices climb as Middle East tensions intensify
Global oil prices extended their gains on Wednesday as renewed military tensions in the Middle East raised concerns over potential disruptions to energy supplies, particularly through the Strait of Hormuz, one of the world’s most critical oil shipping routes. Brent crude futures rose 99 cents, or 1.2%, to $85.72 per barrel, while US West Texas […]
Oil hits one-month high on Hormuz tensions
Oil prices climbed to their highest level in a month on Tuesday as the United States and Iran intensified military attacks around the Strait of Hormuz, raising fears of disruptions to global energy supplies. The renewed escalation has increased uncertainty over crude shipments through one of the world’s busiest oil transit routes. Analysts warned that […]