Author: Admin

LONDON: Oil prices surged past $100 per barrel on Monday, while global equities came under pressure, as a US-imposed blockade on Iranian ports intensified fears of a prolonged disruption to Middle East energy supplies. Benchmark Brent crude rose 6.5% to $101.38 a barrel, while West Texas Intermediate climbed 6.2% to $102.58, reflecting heightened geopolitical risk premiums in energy markets. The escalation follows the collapse of ceasefire talks between Washington and Tehran, dampening hopes for a resolution to the ongoing US-Iran War that has rattled global economies. Investor sentiment weakened further…

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WASHINGTON: A severe global energy shock triggered by the US-Iran War dominated discussions at the World Bank-IMF Spring Meetings, where Finance Minister Muhammad Aurangzeb held a series of high-level engagements aimed at stabilising Pakistan’s economy under mounting external pressures. Global institutions including the International Monetary Fund, World Bank Group and International Energy Agency warned that the conflict has triggered one of the most severe disruptions in modern energy markets. Oil prices have surged by nearly 50%, shipping through the Strait of Hormuz has been disrupted, and global supply chains for…

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