Articles for tag: Brent crude, Energy, houthi, oil prices, Pakistan, petrol prices, red sea, Saudi Arabia, tanker attacks, US-Iran war

July 24, 2026

Brent Crude Hits $100 Per Barrel for First Time Since May as Houthi Attacks on Saudi Tankers Open New Front

Brent crude crossed $100 per barrel on July 24, 2026 — its highest level since May — rising more than 13 per cent on the week after Houthi forces attacked two Saudi oil tankers in the Red Sea in what the group described as enforcement of a new blockade of Saudi ports. Kazakhstan's suspension of crude exports through the Caspian Pipeline Consortium terminal following drone attacks compounded the supply shock. For Pakistan, which now sets retail fuel prices daily against global benchmarks, the implications are immediate.

July 21, 2026

Frontpage.dev

Business Featured

KSE-100 Surges 2,400 Points on US-Iran Mediation Hopes as Oil Eases; Rupee Steady at Rs278

Pakistan's KSE-100 benchmark index surged more than 2,400 points on July 21, touching an intraday high of 178,370 — up 1.39% from the previous close — as investor sentiment improved on reports that regional mediators had proposed a 10-day US-Iran ceasefire. Brent crude eased to $88.88 per barrel. The rupee held steady at Rs278.35 in the interbank market. Buying was broad-based across banks, energy, cement and automobiles. The market is pricing in a ceasefire proposal that neither Washington nor Tehran has formally accepted.

June 24, 2026

Frontpage.dev

Business Featured International

Hormuz Traffic Collapses After Iran’s Re-Closure, Yet Oil Keeps Falling on June 24

Vessel transits through the Strait of Hormuz plunged to 12 a day after Tehran again declared the waterway shut, but Brent slid toward its lowest in three months as traders bet the closure is symbolic — and Pakistan banked a record fuel-price cut.

June 23, 2026

Frontpage.dev

Business Featured International

Washington Opens a 60-Day Window for Iran’s Oil — With Strings Attached

Treasury's General License waives sanctions on Iranian crude, petrochemicals and petroleum products through Aug 21, contingent on IAEA access and open transit through Hormuz, as Bessent calls talks 'productive' and Vance touts a 'good foundation' for a final deal.

June 23, 2026

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Business Featured International

Hormuz Defies Iran’s Closure Claim as Crude Slips Again on June 23; Pakistan’s Import Bill Eases

Brent settled near $77 and US benchmark crude dipped to about $73 on Tuesday as tankers kept moving through the strait despite Tehran's standing shutdown declaration, while elevated war-risk premiums keep Pakistan's fuel costs above pre-war norms.

June 22, 2026

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Business Featured International

Hormuz on June 22: Iran Says Shut, Washington Says Open — and Oil Slides Anyway

Tehran's June 20 closure call collides with US Navy data showing tankers still moving. Brent fell about 2% Monday as traders bet the waterway stays passable. For Pakistan, pumps are already cheaper and a Qatari LNG cargo is steaming toward Karachi.

June 21, 2026

Frontpage.dev

Business Featured Pakistan

Hormuz Reopening Stalls as Iran Declares Strait Closed Again; Oil Steadies, Pakistan Cuts Fuel Prices

Days into the deal's 60-day toll-free transit window, Tehran declared the Strait of Hormuz shut on June 20 over alleged Lebanon ceasefire violations — a claim US Central Command rejects, saying 55 ships still crossed. With Brent near $80, Islamabad has passed on Rs74-per-litre relief at the pump.

Brent Crude Hits $100 Per Barrel for First Time Since May as Houthi Attacks on Saudi Tankers Open New Front

KSE-100 Surges 2,400 Points on US-Iran Mediation Hopes as Oil Eases; Rupee Steady at Rs278

Hormuz Traffic Collapses After Iran’s Re-Closure, Yet Oil Keeps Falling on June 24

Washington Opens a 60-Day Window for Iran’s Oil — With Strings Attached

Hormuz Defies Iran’s Closure Claim as Crude Slips Again on June 23; Pakistan’s Import Bill Eases

Hormuz on June 22: Iran Says Shut, Washington Says Open — and Oil Slides Anyway

Hormuz Reopening Stalls as Iran Declares Strait Closed Again; Oil Steadies, Pakistan Cuts Fuel Prices

PIMS Report Says Oxygen Equipment Exploded Beside an Incubator in the NICU

Militant Attacks Increase but Fatalities Decline in August Amid Sustained CT Pressure: Think Tank

Pakistan to Provide First Secretary General of Makkah Defence Alliance

Shehbaz Sharif Tells SCO Summit Water “Must Never Be Weaponised”