Cargo ships in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, in the United Arab Emirates, March 11, 2026. — ReutersThe US-Israeli war on Iran has already cost companies around the world at…
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Pakistan to import US oil for first time under new trade deal
The image shows a refinery of Pakistan’s largest refiner, Cnergyico. — YouTube/@cnergyicopkltd/Screengrab
Pakistan’s largest oil refiner to import 1m barrels of oil from US.Cargo to be loaded from Houston this month, says Cnergyico official.Shipment expected to…
Why metal prices are soaring to record highs
A salesman displays gold chains at a jewellery store. — AFP/File
LONDON: Precious and industrial metals are surging to record highs as the year ends, driven by economic and geopolitical uncertainty, robust industrial demand and, in some cases, tight…