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Technology stocks booming again while Brent crude trades below $80 a barrel amid hopes for a Middle East interim deal Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Technology sto
Brent crude fell sharply as traders responded to a pause in hostilities between the US and Iran, while AstraZeneca’s chief called for faster drug innovation
Oil has climbed above $95 a barrel for the first time in six weeks as renewed conflict around key shipping routes raises fears of fresh global supply disruption
HOUSTON: Oil prices rose by more than $3 a barrel on Thursday on news that an Iranian parliament committee is reviewing a bill that would ban US and Israeli vessels from the Strait of Hormuz and fine violators up to a fifth of the value of
Oil prices edged higher for a third straight session as stalled peace prospects around Iran and the Strait of Hormuz kept traders focused on supply risks
Crude has returned to the $100 mark for the first time since May, as traders weigh escalating conflict risks spanning the Persian Gulf and the Red Sea.
Oil prices moved higher as U.S.-Iran diplomacy stalled and reduced traffic through the Strait of Hormuz renewed concern about global energy supplies.
Oil price nerves have returned for businesses that were hoping fuel costs would settle, with shipping risks and Middle East tension complicating planning again. It is the kind of update that people search for
Germany’s biggest arms maker Rheinmetall slashes outlook after cancelled government contract; crude oil prices hold below $80 a barrel Good morning, and welcome to our rolling coverage of business, the financial markets and the world econom
U.S. markets hovered near record territory as oil volatility, high Treasury yields and July inflation data kept investors cautious.
Pakistan enters FY2027 with stronger reserves and remittances, but renewed Middle East conflict and volatile oil prices threaten inflation and the trade balance.
Bond yields climbed across the US, UK, France, Germany and Japan as investors worried the Middle East conflict could keep inflation elevated and force central banks to stay tighter for longer
The Strait of Hormuz crisis is becoming an economic warning for Pakistan as fuel imports, LNG supplies, freight costs and inflation risks converge.
Oil markets turned higher after reported attacks in the Red Sea and a fire near the Strait of Hormuz renewed concern about shipments moving through a vital energy
ExxonMobil and Chevron reported combined second-quarter profits of $26.5 billion as conflict-driven oil prices lifted producer earnings and increased costs for motorists.
OGRA raised petrol by Rs2.97 a litre while cutting diesel by over Rs32, a split move that will hit car owners lightly but ease pressure on freight and food prices.
Pakistan reduced petrol by Rs0.50 to Rs342.60 per litre and high-speed diesel by Rs0.19 to Rs371.61 under its daily pricing system for August 28.
On 26 August 2026, petrol in Pakistan costs Rs343.10 a litre and high-speed diesel Rs371.80. Those rates come from a Petroleum Division notification, and they are valid until 27 August — one day.
WASHINGTON — Treasury Secretary Scott Bessent stood at a podium at the Treasury Department on Monday and announced what the Trump administration is calling an "economic D-Day" against Iran.
LAHORE: Jamaat-i-Islami Pakistan (JI) Emir Hafiz Naeemur Rehman on Thursday announced peaceful sit-ins against the petroleum levy at 510 locations across the country on Friday, warning that the protests would transform into a movement to ov
A bigger Treasury buyback program pulled long-term yields off multi-decade highs, lifting stocks, gold, oil and bitcoin in a single trading session.
A US missile struck the Iranian island of Larak on Wednesday, the Tasnim news agency reported, in the latest attack to target the Islamic republic’s islands in and around the Strait of Hormuz. The islands have been hit
Iran says reopening the Strait of Hormuz depends on US action over sanctions, frozen assets and military pressure, keeping energy markets focused on one of the world?s most important shipping routes.
Iran has denied UAE missile allegations while Abu Dhabi moves to suspend trade and financial transactions, raising fresh concerns for Gulf commerce, shipping and energy markets.