Category: Popular News

Oil spike jolts Indian bonds, 10-year yield hits three-week high

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Oil spike

MUMBAI: Indian government bonds tumbled on Tuesday, with the 10-year yield hitting a three-week high, as a blistering oil rally after a flare-up in the U.S.-Iran conflict rattled sentiment and prompted investors to cut risk across assets. The benchmark 6.94% 2036 bond yield climbed 6.4 basis points to 6.7945%, its highest since June 24. The rupee weakened 0.61% to 96.20 per dollar while shares in Mumbai fell 0.6%. The 10-year yield rose to as much as 6.8152%, but short-covering towards the end of the session brought it back below the key 6.80%…

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Pakistan’s LPG industry has issued a three-day ultimatum to the government, warning of a nationwide strike next week if concerns over pricing, security, and regulatory policies remain unresolved.

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LPG prices down

At a conference in Lahore attended by over 1,000 industry stakeholders, participants accused regulators of contributing to the LPG supply and pricing crisis. Industry representatives called for revised pricing mechanisms, improved security for transporters, action against substandard cylinders, and an end to what they described as unnecessary regulatory hurdles. Stakeholders also raised concerns over rising security risks in Balochistan and approved a joint Charter of Demands, warning that failure to address their issues could disrupt LPG supplies across the country.

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Oil up 9% to one-month high as US says it will blockade entire Iranian coastline, all vessels

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OIl-Price

HOUSTON: Oil prices settled up more than 9% on Monday at a one-month high after news that a United States’ naval blockade due to begin on Tuesday will cover Iran’s entire coastline, ports and oil terminals, as well as all vessels regardless of flag, reigniting concerns over energy shipments through the Strait of Hormuz.Brent crude futures settled up $7.29, or 9.59%, to $83.30, while US West Texas Intermediate crude settled up $6.73, or 9.42%, to $78.14 a barrel. Brent futures posted their biggest single-day dollar gain since April 2, and…

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ADB cuts Pakistan growth forecast to 3.7pc on higher energy costs

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higher energy costs

ISLAMABAD: The Asian Development Bank (ADB) on Thursday cut its forecast for Pakistan’s economic growth to 3.7 per cent, citing higher energy costs and anticipated pressure on foreign remittances from Pakistanis abroad. In its Asian Development Outlook (ADO) July 2026, the Manila-based lender, however, lowered its growth forecast for developing Asia and the Pacific to 4.9pc for 2026 from 5.5pc in 2025, marking a 0.2-percentage-point reduction from its April projections. “Preliminary data show Pakistan’s economy growing by 3.7pc in FY2026 (ended 30 June 2026), supported by strong industry and services alongside modest…

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Crude rally deepens as US-Iran tensions shatter ceasefire hopes

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Oil prices extended their gains on Thursday after US President Donald Trump declared the ceasefire with Iran over and ordered fresh strikes following attacks on ships in the Strait of Hormuz. Both benchmark contracts surged about 8%, with Brent crude climbing above $80 a barrel for the first time in two weeks, raising concerns over higher inflation and potential risks to global economic growth. US West Texas Intermediate crude futures were trading at $74.52 a barrel. Washington also revoked a temporary sanctions waiver for Iranian oil. However, equity markets mostly…

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