Tehran: Iranian Oil Tankers Resume Exports as Strait of Hormuz Sees Movement Ahead of Peace Talks Iranian oil tankers have begun leaving the Strait of Hormuz despite a reported US naval blockade, according to tracking data, as Washington and Tehran prepare to enter key peace negotiations in Switzerland. Maritime monitoring reports suggest that vessel movement has resumed in limited form, …
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Read More »PM Shehbaz, CDF Munir Head to Switzerland as Iran-US Deal Nears
Tehran: Iran’s deputy foreign minister said on Tuesday that the United States had lifted its two-month naval blockade of Iranian ports, paving the way for the formal signing of an agreement aimed at ending the war. Iran announced that talks with the United States on its nuclear programme and sanctions relief are expected to begin later this week, following the …
Read More »Oil prices fall as markets weigh returning supply and a possible US–Iran peace deal.
Oil prices extended their losses on Tuesday as markets balanced expectations of supply resuming via the key Strait of Hormuz with weak physical demand signals and uncertainty over a preliminary deal aimed at ending the Iran war. By 04:36 GMT, oil prices were slightly lower, with Brent crude down 25 cents (0.3%) at $82.92 per barrel, while US West Texas …
Read More »Article 164 and how it affects the budget equation
The outgoing fiscal year was generally marked by economic stability, but the Gulf conflict toward the end of the year led to renewed concerns about rising inflation. The rupee remained largely stable throughout the year, while continued engagement with the IMF brought more certainty and discipline to the government’s fiscal management. Much of this stability was supported by the documented …
Read More »Iran-Israel War Escalates After US Strikes, Raising Fears of Regional Conflict
Islamabad, Pakistan — The ongoing conflict between Iran and Israel has intensified once again following renewed military strikes involving the United States, raising fears of a wider regional war across the Middle East. The Middle East has once again entered a dangerous phase of instability as tensions between Iran and Israel continue to escalate following reported US military strikes on …
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