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Hague tribunal orders India to suspend Indus River projects, uphold treaty with Pakistan

THE HAGUE: The Permanent Court of Arbitration has ordered India to uphold the Indus Waters Treaty with Pakistan and suspend work on its hydroelectric projects, a major legal victory for Islamabad in the dispute over the agreement. The Hague-based tribunal issued the award on the status of the treaty and interim measures concerning India’s Ratle ... Read more

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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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