NEW YORK : Spirit Airlines, one of the largest low-cost carriers in the United States, announced on Saturday that it will immediately ground all flights and suspend customer service, citing skyrocketing jet fuel prices and deepening financial distress. In a statement posted on its website, the 34-year-old airline confirmed that all flights have been […]
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Washington: Global oil prices fell on Thursday after Iran announced the reopening of the Strait of Hormuz. US crude oil price dropped to $85 per barrel, while Brent crude was trading at $88.90 per barrel. Global stock markets also showed a positive trend following the announcement. Sources said the recent positive developments came after Pakistan
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ISLAMABAD: Global oil prices have risen further in the international market. U.S. crude oil increased by 0.88%, surpassing $99 per barrel, while British crude oil prices climbed 1.5%, trading at around $104 per barrel. According to a U.S. newspaper, the oil industry has warned the Trump administration that the energy crisis could worsen. Oil companies
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