Articles tagged with "global oil prices"

7 articles found

People crowd a marketplace with shops selling Pakistan's national flags and other items ahead of the country's Independence Day celebrations in Lahore on August 10, 2025. (AFP)

How Pakistan weathered Hormuz shutdown without breaking IMF fiscal commitments

Pakistan responds to the Strait of Hormuz shutdown with austerity instead of fuel subsidies, relying on emergency conservation measures, expanding solar capacity and diplomacy to navigate a global energy crisis while remaining within IMF fiscal commitments.

3 DAYS AGO

A man looks at an electronic quotation board displaying the Nikkei 225 stock prices on the Tokyo Stock Exchange in Tokyo on June 15, 2026. (Photo: AFP)

Crude prices plunge, stocks surge on US-Iran peace deal

Crude prices tanked as much as 5% Monday, with West Texas Intermediate approaching $80 a barrel for the first time since the start of March. Brent was down more than 4% at around $83.60.

June 15, 2026

Middle East roundup: Trump urges Saudi Arabia, Qatar to sign Abraham Accords in Iran peace deal

US President Donald Trump urges Saudi Arabia, Qatar and other Muslim-majority nations to normalize relations with Israel through the Abraham Accords as part of Iran peace and regional stability efforts.

May 25, 2026

Oil falls, Asian stocks climb on hopes of US-Iran Hormuz deal

The United States and Iran appear closer than ever to a deal that would end the war that has ravaged the Middle East since late February, sending energy prices soaring and stoking global inflation.

May 25, 2026

Mallikarjun Kharge, President of the Indian National Congress, criticized the government led by Prime Minister Narendra Modi over rising fuel and commodity prices, saying increases were delayed until after elections and citing concerns about the economic

Indian opposition says Modi govt delayed fuel price hikes until after elections

Opposition leader Mallikarjun Kharge says the ruling party concealed economic pressures before state polls; 'once the elections were over, prices of everything increased.'

May 18, 2026

Air India cuts some international routes as fuel prices bite

Air India will suspend and reduce several international routes between June and August as soaring jet fuel prices, regional conflict and airspace restrictions strain the carrier’s profitability and operations.

May 13, 2026

Day 74: All you need to know about US-Israel war on Iran

May 12, 2026