A view shows oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. — Reuters S&P 500 futures slip, Nikkei and Kospi extend retreat.Dollar edges up as market narrows odds on Fed rate hike.Fed chair to testify this week, US CPI in focus.SYDNEY:…
Related Posts
PSX crosses 150,000 for first time as reforms, forecasts lift sentiment
A man uses a mobile phone as he takes a photo of the electronic board displaying share prices during a trading session at the Pakistan Stock Exchange, Karachi, Pakistan November 28, 2023. — ReutersKSE-100 Index closed at 149,770.74 points, up 1,574.32 points, or 1.06%.Index touched…
Hormuz reopening hopes send oil prices tumbling as Iran negotiations gain traction
An oil tanker docked at Port of Fujairah, in Fujairah, United Arab Emirates, May 6, 2026.— Reuters
Prices fall on hopes renewed efforts may reopen Hormuz.Iran, Oman finalising deal to manage strategic waterway.Flows through strait slip to about one-quarter of pre-war levels.
Nationwide fuel shortage looms as petroleum cargoes held over tax dispute
A large number of oil tankers are parked near Shireen Jinnah Colony in Karachi. — Online/FilePetroleum cargoes remain stranded at Karachi ports.Five major petrol and diesel vessels await clearance.Sindh restores 100% IDC bank guarantee requirement.
Pakistan is facing the…