Author: Admin

US pressure on Iran starting to tell, as sanctions and blockade bite

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DUBAI, Sept 3 (Reuters) – A U.S. campaign to throttle Iran’s economy by blockading its oil exports and stopping sanctions evasion is growing increasingly difficult to withstand, three senior Iranian sources said. Washington has in recent weeks sought to ratchet up ​the economic pressure on Tehran, in an effort to extract concessions in any future negotiation that six months of conflict have so far failed to secure. The Reuters Iran Briefing newsletter keeps you informed with the latest developments and analysis of the Iran war. Sign up here. Although Iran’s clerical rulers managed to…

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Petrol price up Rs2.84, diesel raised by Rs2.28 per litre

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The federal government increased the price of petrol by Rs2.84 per litre and High-Speed Diesel (HSD) by Rs2.28 per litre, effective from Friday, September 4. According to a notification issued by the Ministry of Energy (Petroleum Division), the Oil and Gas Regulatory Authority (OGRA) on Thursday revised the ex-depot prices of petroleum products under the government’s petroleum pricing mechanism. High Speed Diesel (HSD) saw a hike of Rs2.28 per litre, rising from Rs372.03 to Rs374.31 per litre. The new prices will remain in effect until Friday, in line with the…

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Iran targets US bases as Israel warns sanctions could drive Tehran to ‘desperate steps’

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New-Project107

Iran has continued to demonstrate an ability to target bases in the Gulf used by the US despite six months of war and a new sanctions regime described by the Trump administration as an “economic D-day”. As Iran’s military targeted US bases in the United Arab Emirates and Kuwait, despite threats of further strikes by the US president, Israel’s defence chief warned that economic pressures from the sanctions could lead Tehran to escalate to more “extreme measures”. “This morning, the army hit the satellite communication systems, equipment depots and fighter aircraft hangars…

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Govt Plans Integrated Oil City at Hub with Offshore SPM, Dual Pipelines and Bonded Storage

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New-Project115

ISLAMABAD: The government has launched work on an ambitious plan to establish an integrated oil city at Hub, Balochistan, featuring an offshore Single Point Mooring (SPM) facility, dedicated crude oil and petroleum product pipelines, and large-scale bonded storage infrastructure. The proposed project is aimed at transforming Hub into a major petroleum logistics and trading hub while providing Pakistan with additional capacity to handle large crude oil and petroleum product vessels and reducing pressure on existing port infrastructure at Karachi and Port Qasim. According to official sources, consultancy firm Technique has…

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Energy Prices Surge as Middle East Tensions Raise Inflation Risks Ahead of Winter

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New-Project114

LONDON: Global oil and gas prices have surged as renewed fighting between the United States and Iran threatens energy supplies through the Persian Gulf, raising concerns over inflation, economic growth and household costs ahead of winter. European natural gas futures climbed to a three-year high, while crude oil prices moved closer to $100 a barrel as tensions around the Strait of Hormuz intensified. The escalation has also pushed European diesel and gasoline prices sharply higher, adding to inflationary pressures across the region. Brent crude futures rose to around $95 a…

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