Tankers are seen at the Khor Fakkan Container Terminal, the only natural deep-sea port in the region and one of the major container ports in the Sharjah Emirate, along the Strait of Hormuz, on June 23, 2025. — AFP Oil edges up as Middle East crisis drags on.Hormuz closure fears…
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Trump’s doubling of tariffs on Indian imports takes effect, hiking tensions
A 3D-printed miniature model of US President Donald Trump, the Indian flag and the word “Tariffs” are seen in this illustration taken July 23, 2025. — Reuters Tariffs of up to 50% threaten Indian exporters and jobs.Failed talks blamed on political misjudgment, missed signals.US,…
World faces largest-ever oil supply disruption on Middle East war, warns IEA
A pump jack is seen at sunrise near Bakersfield, California.— Reuters/FileGlobal supply to drop by 8m bpd in March due to Hormuz blockade.IEA says recovery of production could take weeks or months.IEA head says oil reserve release has ‘strong impact’ on markets.
The…
Banks to remain closed for public dealing on January 1
An undated picture of the State Bank of Pakistan’s building. — AFP/File
The State Bank of Pakistan on Tuesday announced a bank holiday across the country on January 1, 2026.
In a statement, the central bank said that all banks and financial institutions will remain closed for…