An oil tanker docked at Port of Fujairah, in Fujairah, United Arab Emirates, May 6, 2026.— ReutersPrices 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.
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A cargo ship full of shipping containers is seen at the port of Oakland in Oakland, California, US on March 6, 2025. — Reuters
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Small reduction in fuel prices expected from Sept 1

Motorcyclists waiting for their turn to fill fuel in their bikes at petrol pump on May 16, 2024. — APPPetrol may fall by Re0.61 from Sept 1.Diesel price expected to drop Rs3.13 per litre.Kerosene, light diesel also set to decline.
ISLAMABAD: Amid devastating floods caused by…




