Global oil prices have skyrocketed by 9% on international markets, with Brent crude oil reaching $103 per barrel and WTI exceeding $105 per barrel, as tensions between the US and Iran escalate. The situation has caused a 15% drop in crude oil prices in the industry, according to sources.
The Pakistan Stock Exchange’s weekly update showed that the KSE 100 index increased by 11% last week, following the Iran-US cease-fire. However, the index declined slightly yesterday, with a closing value of 1,65,517 points. The State Bank of Pakistan reported a 16.5% monthly decline and a 5.5% annual decline in remittances, which is affecting the country’s economic stability.
The All Pakistan Sarraf Jameed Association reported a 15,700 rupee increase in the price of gold per tola, bringing the price to 504,162 rupees. The US Navy announced that any vessel attempting to enter or exit the blocked area without permission would be seized, redirected, or taken into custody.
International media reported that a woman in Iran rode behind her husband’s truck to catch him in the act of infidelity. The Iranian Revolutionary Guard had begun negotiations with the US Navy and Iranian military personnel.
A study found that obesity between the ages of 20 and 30 is particularly hazardous. US President Donald Trump stated that Iran’s navy has been completely destroyed, with 158 warships sunk in the sea.
The International Federation of Air Traffic Controllers praised Pakistan’s air traffic controllers for their commendable performance in handling the Middle East crisis.
