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Oil prices jump more than 2% after US and Iran trade strikes
Oil prices rose more than 2% Monday after the United States attacked an Iranian island in the Strait of Hormuz and drew retaliation from Tehran, as the six-month-old conflict between the two countries showed no signs of easing. Brent crude futures climbed $2.21, or 2.51%, to $90.31 a barrel as of 0436 GMT. U.S. West ... Read more
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Pakistan returns to spot LNG market with fresh tender as power generation takes a hit
KARACHI: State-run Pakistan LNG Limited (PLL) has issued a fresh tender to procure one spot cargo of liquefied natural gas for delivery between September 4 and 8, as global supply disruptions stemming from the Middle East war continue to strain the country’s gas-fired power generation. PLL invited bids from international suppliers for a single cargo ... Read more
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Iran strikes U.S. bases in Jordan after U.S. strike on Larak
Missile strikes follow a U.S. operation against Iranian launchers near the Strait of Hormuz.
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