Pakistani oil tanker crosses Strait of Hormuz amid rising tensions: report Bloomberg says PNSC-controlled tanker ‘Karachi’ passed through key energy chokepoint despite reduced global shipping traffic Web Desk
US-China economic talks in Paris aim at agriculture, minerals and trade mechanisms Officials set groundwork for Trump-Xi meeting amid global uncertainty Reuters
Light diesel price soars by Rs67.51 per litre Kerosene also rises; petrol and high-speed diesel prices are unchanged Web Desk
Iran holds the key to reopening global energy markets Aramco warns buyers of uncertain ports as Hormuz shutdown disrupts energy markets Reuters
Gold prices fall sharply in Pakistan as global market weakens Per tola rate drops Rs7,100; silver also records notable decline Web Desk
US shipping waiver and release of stockpiles will not ease pain at the pumps Analysts say Jones Act waiver and record oil releases will slow price spikes but not end them Reuters
5G pilot projects to begin in Pakistan’s major cities next week: IT minister Pakistan raised $507 million via 5G spectrum auction Business Recorder
Oil tops $100 as Iran vows to keep Hormuz closed Energy Secretary Chris Wright acknowledged the US military was currently ‘not ready’ to escort tankers through Strait of Hormuz AFP
