Oil hits one-month high over Hormuz tensions
NEW YORK: Oil prices rose to a one-month high on Tuesday after the US reimposed…
Oil hits one-month high over Hormuz tensions
NEW YORK: Oil prices rose to a one-month high on Tuesday after the US reimposed a naval blockade on Iran and as renewed attacks between Washington and Tehran heightened concerns over energy flows through the Strait of Hormuz. Before the Iran war, about 20% of global oil supplies flowed through the strait. Keeping price gains…
US sanctions more than 50 individuals, entities, vessels tied to Iranian shipping.
Sanctions target financial facilitators, shipping executives, logistics firms, vessel operators The US imposed sanctions Tuesday on more than 50 individuals, companies and vessels accused of supporting an alleged illicit shipping and sanctions evasion network linked to Iranian oil shipping magnate Mohammad Hossein Shamkhani, the Treasury Department announced. The Department of the Treasury’s Office of Foreign…
PM Shehbaz reviews monsoon preparedness with NDMA chief
Premier orders closer coordination with provincial governments, disaster authorities amid monsoon season Prime Minister Shehbaz Sharif meets Chairman National Disaster Management Authority Lt General Inam Haider Malik in Islamabad, July 15, 2026. PHOTO: PMO/X Prime Minister Shehbaz Sharif on Wednesday met the Chairman of the National Disaster Management Authority (NDMA), Lieutenant General Inam Haider Malik,…
China trade surges16.9% in H1
High-tech and green exports drive growth as imports jump, though global risks loom China is also seeking to expand domestic semiconductor manufacturing capacity and reduce the industry’s reliance on advanced Nvidia chips that are subject to US export controls. PHOTO: REUTERS BEIJING: China’s foreign trade posted strong growth in the first half of 2026, expanding…
Death toll in Thai pub fire rises to 32, officials say, with dozens still in hospital
Authorities believe fire was probably sparked by an electrical short circuit in a ceiling air conditioner Family members react as they receive the body of a victim at the Police Hospital morgue, following a deadly fire at a pub in Bangkok, Thailand. Photo: Reuters The death toll from an explosive fire at a Bangkok live music pub…
PTI to finalise Aug 5 protest strategy today
With calls from within the party and from PTI founder Imran Khan’s family to intensify pressure on the government LAHORE: The PTI will hold a parliamentary party meeting on Wednesday (today) to discuss a wide range of issues, with the party’s strategy for the planned August 5 protest expected to dominate the agenda. The recommendations…
Oil prices rise as hostilities worsen in the Middle East
Iran renewed attacks on the United Arab Emirates on Tuesday, causing oil loading at the port of Fujairah to be at least partly halted after the third attack in four days. FILE IMAGE: PIXABAY Oil extended gains on Wednesday as President Donald Trump reimposed a naval blockade on all Iranian ports and Tehran launched strikes on US infrastructure…
Iran threatens to block more vital seaways as Trump orders renewed Iran blockade
A senior Houthi official warned on Monday that the group was prepared to close the Bab el-Mandeb Strait Iran’s Islamic Revolutionary Guard Corps has vowed to close “all other export corridors that benefit the US and its allies”, Iranian media reported, after Iran shut the Strait of Hormuz and the US reimposed a naval blockade…
PPP threatens agitation over Lahore rally denial
PPP Lahore president said party would proceed with its scheduled July 25 programme regardless of circumstances LAHORE: The Pakistan Peoples Party (PPP) is preparing for a political showdown with the Punjab government after its request to hold a rally at Minar-e-Pakistan remained pending for more than six weeks, prompting the party to warn of protests,…
Spain stun France to reach World Cup final
ARLINGTON: Spain stunned tournament favourites France 2-0 to reach the World Cup final on Tuesday, producing a tactical masterpiece to shatter Les Bleus’ dreams of winning the title for the third time. A first-half penalty from Mikel Oyarzabal and a 58th-minute Pedro Porro goal sealed an utterly clinical victory for the European champions at the…
