The rising hopes of a possible ceasefire agreement between the United States and Iran pushed global oil prices to their lowest levels in two weeks. In this regard, the Brent crude oil prices dropped by 5.04 dollars to settle at 98.50 dollars per barrel, while US West Texas Intermediate (WTI) crude fell by 4.82 dollars […]
US-Iran ceasefire agreement, major drop in oil prices in the global market Read More »
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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