global energy markets Archives

US and Iran negotiating proposed agreement involving sanctions relief, oil exports and reopening of the Strait of Hormuz

US-Iran Draft Deal Emerges: Sanctions Relief, Strait of Hormuz Reopening and $25 Billion Asset Release Under Discussion

World Updates1 day ago1 day ago04 mins

A proposed understanding between the United States and Iran could mark a significant turning point in one of the world’s most closely watched geopolitical crises. According to information cited by international news agency Reuters from a senior Iranian official, a draft memorandum of understanding (MoU) under discussion includes measures related to Iran’s nuclear program, economic…

Oil tanker carrying Russian crude oil heading to Pakistan during Strait of Hormuz tensions

Russia to Supply Oil to Pakistan as Strait of Hormuz Crisis Raises Global Energy Concerns

World Updates3 months ago04 mins

Shipment of Russian crude expected to reach Port Qasim amid rising geopolitical tensions Amid rising geopolitical tensions and uncertainty in global energy markets, reports suggest that Russia is preparing to supply crude oil to Pakistan during the ongoing crisis in the Strait of Hormuz. Analysts say the move could help Islamabad manage energy costs as…