Brent crude climbed near $111 a barrel and U.S. oil rose to its highest level this month after President Donald Trump warned Iran to “get moving, FAST” as talks over a peace deal and reopening the Strait of Hormuz remain stuck.
Oil prices surged about 6 percent on Monday as Iran intensified attacks near the Strait of Hormuz and the UAE, raising fresh fears over Middle East oil supplies.
India’s Central Bank is considering new rules to fight a sharp rise in digital payment fraud, after millions of people reportedly lost billions of dollars in 2025.
Concerns rose on Monday (April 20), after the United States said it had seized an Iranian cargo ship near the Strait of Hormuz, while Iran warned it would retaliate, putting the fragile ceasefire at risk.
The United States has extended a waiver until May 16, 2026 allowing countries to buy sanctioned Russian oil already loaded at sea, as the Trump administration moves to increase oil supplies amid global disruption caused by its war on Iran.
Oil prices plunged more than 5% today (March 25) as hopes for a possible U.S.-led ceasefire with Iran raised expectations of easing supply disruptions in the Middle East.
A powerful explosion at a Texas oil refinery sent thick black smoke into the sky, shook homes, and forced residents to shelter in place Monday (March 23).
Iran’s Fars news agency claims there has been no contact with US President Donald Trump, contradicting his statement that talks with Iran are under way.
U.S. President Donald Trump postpones planned strikes on Iran for five days after what he described as “very good and productive” talks aimed at resolving Middle East tensions.
Iran’s high-level security body, the Defence Council, has said the only way for non-hostile countries to pass through the Strait of Hormuz is by coordinating with Iran, while warning that any attack on its coasts or islands could lead to the Gulf being blocked.
The United States has granted a 30 day waiver allowing countries to purchase sanctioned Russian oil already stranded at sea, a move aimed at calming global energy markets shaken by the ongoing Iran war.
Global oil prices have surged past $100 per barrel following the United States and Israel’s war on Iran, raising concerns about possible long term disruptions to energy supplies worldwide.
Petrol and diesel prices in Pakistan have been increased by 55 Pakistani rupees per liter from midnight on March 07, 2026, following a decision by the government amid the ongoing crisis in the Middle East.
