Iran’s missile attack on U.S. bases follows an American strike near the Strait of Hormuz.

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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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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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Missile strikes follow a U.S. operation against Iranian launchers near the Strait of Hormuz.

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“The Strait of Hormuz cannot be separated from the broader regional conflict,” Rezaei said.

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The two sides discussed a joint plan to clear mines from the Strait of Hormuz.

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