Sunlight shines through a drilling rig at the Airankol oil field operated by Caspiy Neft in the Atyrau region, Kazakhstan, April 21, 2026. — ReutersTrump pauses attacks to allow more time for diplomacy.Strait of Hormuz traffic stays low despite pause in conflict.Red Sea shipping slows…
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Oil prices bounce higher after new US strikes on Iran
A Mexican Navy boat patrols near the Mexico state oil firm Pemex’s Ciudad Madero refinery, in Ciudad Madero, Mexico, May 28, 2025. — ReutersPrice jumps erase much of Wednesday’s declines.WTI, main US contract, increases by 1.7% to $90.17.Stock markets across Asia were mostly down.
Iran oil tankers signal Karachi as next stop after US naval blockade
Tankers sail in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the U.S.-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. —ReutersPakistan unlikely to receive Iranian…
Govt cuts petrol price by Rs6, diesel Rs6.80 per litre
A representational image of a fuel station staffer updating the fuel prices in Karachi. — AFP/ FileNew fuel prices to take effect from May 23.Petrol price now stands at Rs403.78 per litre.High-speed diesel price falls to Rs402.78 per litre.
The federal government has…