Shehbaz said Pakistan’s oil import bill had surged from $300 million before the conflict to $800 million, placing additional pressure on the economy.
‘Pakistan double-deals America again’: Expert flags land routes allowing Iran to bypass US blockade
By granting Iran six overland routes to trade with Russia, China, and beyond, Pakistan has helped the Islamic Republic bypass the American blockade and double-crossed President Donald Trump, national …
US sanctions on China’s Hengli mark escalation in Iran oil crackdown
The U.S. Treasury imposed sanctions on China’s Hengli Petrochemical (Dalian) Refinery on Friday, accusing it of buying billions of dollars in Iranian oil, in a significant escalation of Washington’s …
Here’s what’s behind oil’s 8-day climb back to Iran-war highs
Oil prices surged to wartime highs on Wednesday, extending a streak of gains. Markets are trying to navigate an uncertain timeline for peace negotiations.
The Latest: Iran war has cost an estimated $25 billion so far, Pentagon official tells Congress
Talks between Iran and the United States on ending the war seem stalled, despite U.S. President Donald Trump earlier claiming Iran had informed his administration that it was in a “State …
Oil price soars above $118 after reports of ‘extended’ Iran blockade
Oil prices have climbed sharply following reports that the US is preparing for an ‘extended’ blockade of Iran. Brent crude rose to around $115 (£85) a barrel on Wednesday, having …
Oil price soars above $118 after reports of ‘extended’ Iran blockade
Oil prices have climbed sharply following reports that the US is preparing for an ‘extended’ blockade of Iran. Brent crude rose to around $115 (£85) a barrel on Wednesday, having …
How US and Iran are playing a crypto cat-and-mouse game over sanctions
Iranian authorities and people are increasingly using cryptocurrencies to evade sanctions. The US is playing catch-up.
The Latest: Hegseth to face Congress for first time since Iran war began
Talks between Iran and the United States on ending the war seem stalled, despite U.S. President Donald Trump earlier claiming Iran had informed his administration that it was in a “State …
Iran’s rial drops to record low as ceasefire prompts rush for hard currency
DUBAI, April 29 (Reuters) – Iran’s currency dropped to a record low of 1,810,000 rials to the U.S. dollar on Wednesday, the Iranian Student News Agency (ISNA) said, as demand for foreign exchange that …