September 1, 2026
North American Blue Energy Partners will take over Venezuelan oilfields previously operated by five Chinese companies and one Russian firm, under Trump's production deal. The US State Department gets a 35pc stake and first refusal on 80pc of output.
August 26, 2026
Tehran and Muscat say they discussed a "joint temporary navigational corridor" through the strait and agreed to clear it of mines, as most shipping remains shut down six months into the war.
August 23, 2026
Tehran has denounced US plans for new sanctions ahead of a Treasury announcement on Monday. Oil shipments through the Strait of Hormuz are at a virtual standstill, with Iran threatening to strike unauthorised tankers.
August 21, 2026
Treasury Secretary Scott Bessent says maximum economic pressure makes a large-scale military restart less likely, with details due next week. China, which buys more than 80 per cent of Iran's shipped oil, says sanctions will not resolve the crisis.
July 29, 2026
Gulf states have backed a compromise that would allow Iran to collect voluntary fees from ships using the Strait of Hormuz, as Oman pushes a regional deal. Washington wants a return to the pre-war position of free passage and says mandatory fees would be illegal.
July 22, 2026
The KSE-100 index shed approximately 400 points in early trading on July 22, reversing a portion of the prior session's 2,442-point rally, as selling pressure emerged in oil marketing companies, automobile assemblers, cement, fertiliser and power generation sectors. The index touched 175,713.69 — down 419.87 points or 0.24% — as market participants reassessed the durability of US-Iran mediation developments that had driven Tuesday's surge. Stocks partially recovered by the close but remained lower on the session.
July 21, 2026
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.
July 15, 2026
US President Donald Trump reversed his Monday announcement of a 20% toll on all ships transiting the Strait of Hormuz on July 14, saying Gulf states would make "trade and investment deals" with the United States instead. The original proposal alarmed maritime lawyers and energy markets, who said it violated international law and would trigger an oil price spike. Trump attributed the reversal to "highly productive conversations with Middle East leadership."
June 30, 2026
Pakistan's successful mediation between Washington and Tehran has unlocked a cascade of benefits with the Trump administration: a bilateral oil development agreement, a partnership with a Trump-family cryptocurrency platform, and a seat on Trump's Board of Peace — marking the most substantive shift in US-Pakistan relations in over a decade.
June 15, 2026
The strait, shut since late February, carries about a fifth of the world’s oil. The deal lifts the US naval blockade — but a full reopening hinges on mine clearance.
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