Business Recorder

Oil rises, stocks mixed as new US strikes dampen peace deal optimism

SINGAPORE: Oil prices rose on Tuesday and stocks were mixed ​as investor optimism over an imminent US-Iran peace deal was tempered by new U.S. strikes in the Middle ‌East. Iran’s top negotiator and its foreign minister were in Doha for talks with …

#Oil #USA

Business Recorder

Dollar wobbles as markets cling to hopes for Middle East peace deal

SINGAPORE: The dollar nursed losses on Tuesday ​on rising investor optimism of a deal being struck to reopen the crucial Strait of Hormuz and end ‌the three-month-long Iran war, although fresh U.S. attacks on Iranian targets weighed on sentiment. …

#Dollar

Business Recorder

Brent oil gains 2% as US military strikes on Iran add to uncertainty on potential peace deal

SINGAPORE: Brent crude futures rose over 2% in Asian trade on Tuesday after the U.S. military carried out strikes in Iran, keeping markets on edge ​as a deal to end the war and open up the Strait of Hormuz remained ‌elusive. Brent futures were up …

#BrentOil #USA #Iran

Business Recorder

Xi praises Pakistan’s Iran peace efforts

BEIJING: President Xi Jinping hailed China’s “unbreakable” friendship with Pakistan on Monday as he met Prime Minister Shehbaz Sharif in Beijing, seeking to deepen their “all-weather” partnership. Xi welcomed the Pakistani leader as an “old friend…

#XiJinping #Iran #Diplomacy

Business Recorder

Iran peace deal: Pakistan rejects Trump’s Abraham Accords demand

WASHINGTON: US President Donald Trump said on Monday that he asked Saudi Arabia, Qatar, Pakistan, Turkey, Egypt and Jordan to join the Abraham Accords en masse to normalize relations with Israel as he tries to negotiate an agreement to end the war…

#AbrahamAccords #Iran #Trump #Diplomacy

Business Recorder

Over 1.5m pilgrims perform Hajj today

MAKKAH: Over 1.5 million Muslims began filling a vast tent city in the holy city of Makkah on Monday for an annual hajj pilgrimage carried out against the backdrop of hopes for an end to the war in the Middle East. The white-robed pilgrims on buse…

#Hajj #Makkah #Pilgrimage

Business Recorder

Vessels carrying ME oil, LNG exit Hormuz, head for Pakistan, China

SINGAPORE: Two liquefied natural gas tankers are exiting the Strait of Hormuz on Monday, heading to Pakistan and China, while a supertanker with Iraqi crude for China left the Gulf on Saturday after being stranded for nearly three months, shipping…

#Oil #LNG #Hormuz #China

Business Recorder

Budget must focus on solutions beyond short-term fixes, NA panel tells MoF, FBR

ISLAMABAD: The National Assembly Standing Committee on Finance and Revenue Friday directed the Tax Policy Unit of the Ministry of Finance and the Federal Board of Revenue (FBR) that the federal budget (2026–27) must move beyond short-term stabiliz…

#FederalBudget #MoF #FBR #Economy

Business Recorder

India orders migrant detention centres sparking expulsion fears

NEW DELHI: India’s ruling Hindu-nationalist party has ordered detention centres for undocumented Bangladeshis and Rohingyas in West Bengal state, sparking fear among minorities that it could lead to arbitrary expulsions. The directive comes just d…

#India #Migrants #HumanRights

Business Recorder

KP CM discusses investment prospects with Aga Khan V

PESHAWAR: Khyber Pakhtunkhwa Chief Minister Muhammad Sohail Afridi visited Lower Chitral on Sunday, where he joined Khyber Pakhtunkhwa Governor Faisal Karim Kundi and other political and government dignitaries in welcoming Prince Rahim Aga Khan on…

#KP #AgaKhan #Investment