Inventory gains recovery opposed

Analysts have estimated a loss of 7 million to 10 million barrels per day of Middle East oil production due to ongoing war. PHOTO: PEXELS ISLAMABAD: The Oil Companies Advisory Council (OCAC) has expressed serious concern over the proposed recovery of oil inventory gains and the review of cross-subsidy mechanism, and has called for policy…

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Yen jumps on suspected intervention

US stock indexes rose, while most major European markets were closed for holidays SYDNEY/LONDON: Global shares steadied on Friday with investor focus staying on currency markets, after the yen briefly jumped against the dollar for a second straight day. The dollar lost as much as 1% against the yen in a matter of minutes on…

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Oil prices fall 5% to 3-month low

NEW YORK: Oil prices fell about 5% to a three-month low on Tuesday as traders hoped the US and Iran would agree to end the war and allow oil to flow through the Strait of Hormuz. Prices, which were already down about 4% Tuesday morning, extended those losses following a Wall Street Journal report that…

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Fernandez sends Chelsea into FA Cup final

Chelsea midfielder Enzo Fernandez (2R) headed the winner against Leeds. Photo: AFP Enzo Fernandez fired Chelsea into the FA Cup final against Manchester City as the Argentine sealed a 1-0 win against Leeds in the Blues’ first match after Liam Rosenior’s sacking. Fernandez’s first-half header in Sunday’s semi-final at Wembley was an ironic twist after…

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Pakistan urges immediate ceasefire in Ukraine

‘Recent escalation demonstrates yet again the imperative of pacific settlement,’ Ambassador Ahmad told UNSC APP May 30, 2026 Less than a minute read A woman holds a Ukrainian flag at a protest near the United Nations office, on the day of U.S.-mediated peace talks between Russia and Ukraine in Geneva, Switzerland, February 17, 2026. PHOTO:…

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