Oil prices climbed for a fourth consecutive day on Wednesday as growing tensions between Iran and the United States disrupted tanker traffic through the strategically important Strait of Hormuz. Brent crude rose to around $91.53 per barrel, while West Texas Intermediate (WTI) traded near $85.47 per barrel, according to the report. The continued increase reflects […]
Petrol Pump Owners Urge Government to Review Daily Fuel Pricing Policy
The All Pakistan Petrol Pump Owners Association has called on the government to reconsider the country’s daily petroleum pricing mechanism, saying the promised review has not taken place despite the agreed timeline having already passed. The association has formally written to the Federal Minister for Petroleum, urging authorities to revisit the policy and address concerns […]
International Oil Prices Hover Near $70 per Barrel as US–Iran Talks Create Market Uncertainty
International oil prices moved closer to the $70 per barrel mark on Wednesday as global markets reacted to mixed signals surrounding potential nuclear negotiations between the United States and Iran. The uncertainty over whether diplomatic progress could lead to eased sanctions on Iranian oil exports has injected fresh volatility into energy markets. Brent crude futures […]