The equity market surged on Tuesday as news of a ceasefire between Iran and Israel and a sharp drop in oil prices restored investor confidence and triggered widespread buying. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index surged to an intraday high of 121,245.03, gaining 5,077.56 points, or 4.37%, and touched a low of 120,369.53,…
Oil prices surged and Asian markets traded lower on Monday on concerns of disruption to energy markets after US air strikes on Iran’s nuclear facilities. The dollar strengthened as traders assessed the weekend’s events, with Iran threatening US bases in the Middle East as fears grow of an escalating conflict in the volatile region. Iran…
Global oil markets are on high alert following U.S. airstrikes on three of Iran’s nuclear facilities, Fordow, Isfahan, and Natanz, with fears mounting over a potential closure of the critical Strait of Hormuz. The military action, announced by President Donald Trump last night, has intensified geopolitical tensions in the Middle East and raised concerns about…
China on Tuesday accused President Donald Trump of “pouring oil” on the mounting conflict between Iran and Israel, after the US leader warned Tehran residents to “immediately evacuate”. The sudden flare-up in hostilities has sparked fears of a wider conflict, with Trump urging Iran back to the negotiating table after Israel’s attacks derailed ongoing nuclear…
Last Updated:June 17, 2025, 21:31 IST Top government sources say policymakers have it all sorted, and there is nothing to worry about Sources say all key ministries like commerce, finance, and oil are monitoring the situation. (Representational image/Shutterestock) Why should we be concerned about what’s happening between Israel and Iran? Given the state of the…
Oil prices extended gains Monday as Israel and Iran pounded each other with missiles for a fourth day and threatened further attacks, stoking fears of a lengthy conflict that could reignite inflation. Gold prices also rose back towards a record high thanks to a rush into safe havens, but while most equity markets dropped further…
A Liberian-flagged container vessel MSC ELSA 3 sinks off Kerala Coast, India, May 24, 2025 —Reuters BENGALURU: India’s coastguard raced on Monday to contain an oil spill from a container ship with hazardous cargo that sank off the southern coast a day earlier, Kerala’s state government said. The Liberian-flagged MSC ELSA 3, listed as a…
Oil prices gained as US buyers covered positions ahead of the three-day Memorial Day weekend amid worries over the latest round of nuclear talks between American and Iranian negotiators. Brent crude futures settled at $64.78 a barrel, up 34 cents, or 0.54%. U.S. West Texas Intermediate crude futures finished at $61.53, up 33 cents, or…
