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US allows 30-day sale of Iran oil at sea in bid to tame prices

March 21, 2026 4:26

The Trump administration waived sanctions on the purchase of Iranian oil at sea for 30 days on Friday in its latest attempt to ease oil prices that have been driven up by the US-Israeli war on Iran. The waiver ‌will bring some 140 million barrels of oil to global markets and help relieve pressure on energy supply, Treasury Secretary Scott Bessent posted on X. The move reflects White House worries that the surge in oil prices after nearly three weeks of US and Israeli strikes on Iran will hurt US businesses and consumers ahead of the November midterm elections, when President Donald Trump’s fellow Republicans hope to retain control of Congress. Third sanctions waiver during iran war The license, posted to the Treasury Department’s website after market hours, says Iranian oil can be imported into the United States under the waiver when necessary to complete its sale or delivery. The US has not meaningfully imported Iranian oil since Washington imposed measures ⁠after the 1979 revolution. It was unclear whether any Iranian oil would end up in the country as a result of the waiver. Cuba, North Korea and Crimea are among regions excluded from the license, which will remain in effect until April 19. The move is expected to benefit China, the top buyer of Iranian oil. Energy Secretary Chris Wright said supplies could get to Asia within three or four days and hit the market after being refined over the coming month and a half. It was the third time the Treasury Department has temporarily waived sanctions on oil from U.S. adversaries in a little more than two weeks. Israeli military says it is striking Hezbollah targets in Beirut The moves are part of the administration’s attempts to tame energy prices that have soared above $100 a barrel to the highest levels since 2022. The US previously eased sanctions on Russian oil and on Friday issued a general license allowing the sale of Iranian crude oil and petroleum products loaded on vessels by Friday. “In essence, we will be using the Iranian barrels against Tehran to keep the price down as we continue Operation Epic Fury,” Bessent said. Bessent had telegraphed the move in an interview with ‌Fox Business ⁠on Thursday, saying the release of the sanctioned Iranian oil into global supplies would help keep oil prices down for 10 to 14 days. He said on Friday that Iran will have difficulty accessing any revenue generated by the move and Washington will maintain maximum pressure on Iran and its ability to access the international financial system. ‘Running out of options’ Oil prices have jumped about 50% since the US and Israel launched their attacks on February 28. Tehran has responded with attacks on Israel and Gulf states that host US bases. Vital energy infrastructure in Iran and neighboring Gulf states has been attacked, and Iran has effectively ⁠closed the Strait of Hormuz, conduit for some 20% of the world’s oil and liquefied natural gas. In its effort to tame oil prices, the Trump administration on Wednesday announced a 60-day waiver of the Jones Act shipping law, temporarily allowing foreign-flagged vessels to move fuel, fertilizer and other goods between US ports. Energy analysts including Brett Erickson, a managing principal at Obsidian Risk Advisors, have said the administration’s efforts to control ⁠prices will not have a meaningful impact until the strait is opened to vessels. “The easing of sanctions raises concerns about the rapid depletion of Washington’s economic toolkit,” to dampen oil prices, Erickson said. “If we’ve reached the point of loosening sanctions on the country we are at war with, we’re really running out of options.” The US issued a 30-day waiver for countries to buy ⁠sanctioned Russian oil stranded at sea after a 30‑day license on March 5 specifically for India to buy Russian oil. Mark Dubowitz, CEO of the Foundation for the Defense of Democracies, a nonprofit research institute considered hawkish on Iran, praised the decision. “We’ve worked on sanctioning Iran’s oil industry for years. This is a smart move … to help win the fight against the regime,” Dubowitz said on X. [...]

Dollar toppled as oil shock turns central banks hawkish

March 21, 2026 3:44

HONG KONG: The dollar slid from multi-month highs this week as soaring energy prices upended the outlook for global interest rates, with the US Federal Reserve left alone as the only major central bank that is not expected to hike rates this year. Before the US-Israeli war on Iran began at the end of February, investors expected two Fed rate cuts this ‌year and now think even one is a distant prospect. The euro, yen, sterling, Swiss franc and Australian dollar were all set for weekly gains against the greenback as policymakers laid the groundwork for higher interest rates in response to war in the Middle East choking oil and gas supplies. The euro , marginally softer at $1.1569 in the Asia morning, is up 1.4% for the week. The yen , which steadied around 157.88, has gained 1.2% and sterling , hovering at $1.3422, is up a bit more than 1.5%. Benchmark Brent crude futures are up about 50% since the US and ⁠Israel started their war on Iran last month, which has all but closed the sea lane for Middle East energy exports. Yen under pressure as BOJ and Fed hold rates steady The European Central Bank kept rates on hold on Thursday but warned of inflation driven by energy prices and sources told Reuters policymakers are likely to start discussing hikes next month - a contrast with the Fed’s wait-and-see approach. Investors swept away expectations for a long hold on European rates at 2% to price in a hike by June. “While the Fed is willing to display patience in the face of a shock generating two-sided risks to its mandate, the ECB seems unusually sensitive,” analysts at J.P. Morgan said. “There appears to be a genuine tilt towards a rate hike this year, even if it remains uncertain how quickly it will translate into action.” The Bank of England kept rates on hold as well, but set off one of the sharpest ever routs ‌in ⁠short-dated gilts by saying it was ready to act and markets, which had seen rates drifting lower, have priced 80 basis points of hikes by year’s end. Earlier on Thursday, the Bank of Japan left the door open to a hike as soon as April, wrongfooting investors who had bet on a further slide in the yen - and helping to lift the currency. The Australian dollar was trading just shy of 71 cents on Friday for a weekly gain of 1.5%, after the Reserve Bank ⁠of Australia hiked interest rates for the second time in as many months and investors expect there is more to come. Crude prices dipped slightly on Friday after U.S. President Donald Trump told Israel not to repeat attacks on Iranian energy infrastructure, after a round of tit-for-tat strikes that left a Qatari gas plant crippled. The Fed left ⁠rates on hold, as expected, earlier this week but Chair Jerome Powell said it was too soon to know the scope and duration of any economic fallout from the war. The dollar index was steady at 99.359, but was on track for a 1.1% weekly decline, its largest ⁠since late January. Still, many analysts think a prolonged decline is unlikely. “The longer the war drags on, the higher the U.S. dollar will go, because it will benefit from safe-haven demand arising from higher uncertainty (and) also from the U.S. being an energy exporter,” said Carol Kong, currency strategist at Commonwealth Bank of Australia. [...]

Gold set for third weekly fall on hawkish US Fed, elevated dollar

March 21, 2026 3:43

Gold prices rose on Friday on technical buying, but were headed for ‌a third consecutive weekly decline, pressured by a firm US dollar and as a hawkish US Federal Reserve dampened hopes for near-term interest rate cuts. Spot gold rose 1.1% to $4,700.97 per ounce as of 0257 GMT, rebounding from a near two-month low hit in the previous session. US gold futures for April delivery rose 2.1% to $4,701.30. “Gold held some important technical supports in ⁠the weekly time frame and gold may see a recovery to the level where it broke down, around $4,800,” said Nicholas Frappell, global head of institutional markets at ABC Refinery. However, bullion has lost over 6% so far this week. Spot gold has fallen more than 10% since the US-Israeli strike on Iran on February 28. The dollar has emerged as one of the clearest “safe-haven” winners, strengthening over 2% so far this month. Meanwhile, the Fed kept rates steady on Wednesday, echoing major developed market central banks, and indicated that inflation could rise. Interest rate futures show traders see little chance of a ‌Fed ⁠reduction this year, according to the CME’s FedWatch tool. Gold is considered an inflation hedge, but high interest rates weigh on it by making yield-bearing assets more attractive, while a stronger dollar makes the bullion more expensive for holders of other currencies. “After notable underperformance during the Middle East conflict, participants were poised to sell rather ⁠than buy gold and were listening out for a reason to confirm their sentiments,” Frappell said. Oil prices stayed above $105 a barrel after touching $119 on Thursday, as Iran attacked energy targets overnight in the Middle East, following ⁠Israel’s attacks on Iranian natural gas facilities. US President Donald Trump has told Israel not to repeat its strikes, with Treasury Secretary Scott Bessent saying the US may soon remove sanctions from Iranian oil stranded ⁠on tankers. A further release of crude from the US Strategic Petroleum Reserve was possible, Bessent said. Spot silver gained 1.5% to $73.91 per ounce. Spot platinum rose 1.9% at $2,008.85 and palladium added 1.2% to $1,463.75. [...]

United Airlines to cut more flights as it eyes oil above $100 through 2027

March 21, 2026 3:40

CHICAGO: United Airlines is cutting more unprofitable flights over the next two quarters as it prepares for a prolonged period of high jet fuel prices due to the Iran war, ‌even as strong travel demand has allowed U.S. carriers to raise fares. Chief Executive Scott Kirby said in a staff memo on Friday the airline is preparing for oil to rise as high as $175 a barrel and remain above $100 until the end of 2027. At those levels, United’s annual fuel bill would rise by about $11 billion, more than twice the profit it earned in its “best year ever,” he said. The war in Iran has pushed airlines into a fresh fuel shock. Jet fuel prices have nearly doubled since late February, raising costs across the industry and disrupting global flying patterns through reroutings and airspace restrictions. Still, US carriers have so far been able to ⁠push through fare increases, helped by resilient travel demand and tighter capacity. “There’s a good chance it won’t be that bad,” Kirby wrote of the airline’s fuel assumptions. “But…there isn’t much downside for us to preparing for that outcome.” Cutting marginal flying United had already begun trimming less profitable flights, including some midweek, Saturday and overnight service. In the staff memo, shared by the company, Kirby said the airline would cancel about three percentage points of off-peak flying in the second and third quarters, targeting routes and periods with weaker demand. US flight delays, cancellations accelerate as air traffic controller shortages surge during shutdown It will also pull about one percentage point of capacity from Chicago O’Hare and keep service to Tel Aviv and Dubai suspended, bringing the total reduction to about five percentage points of this year’s planned capacity. Kirby said United currently expects to restore the full schedule in the fall. The latest cuts build on Kirby’s comments earlier this week that the airline would rather leave some demand unmet than keep flying routes that lose money if fuel stays high. Fares help soften the hit Big U.S. airlines have said strong demand is giving them room to raise ‌fares, helping ⁠soften the impact of higher fuel costs. Capacity cuts such as United’s are also expected to support the industry’s pricing power. Rival Delta Air Lines, which raised its first-quarter revenue forecast this week, has also said it has flexibility to trim capacity if fuel prices remain elevated. U.S. carriers are particularly exposed because most do not hedge fuel costs, unlike some European and Asian airlines that use hedging to cushion price shocks. Instead, they have been relying on fare increases and capacity discipline to recover part of the added expense. Soaring fuel costs are piling additional pressure on low‑cost carriers, compounding strains ⁠on business models already challenged by rising labor expenses. Airline executives, however, have so far voiced confidence in fare strength and demand, even as operating costs continue to climb. United has said the first 10 weeks of the year were the strongest booking weeks in its history, a trend echoed by other large U.S. carriers reporting robust spring bookings. A strong demand environment has already allowed airlines to push through ⁠two fare increases of about $10 each way, and could support a further 5% to 7% rise, according to Melius Research. Kirby said earlier this week United aimed to fully offset higher fuel costs this year, noting that fares booked over the past week had risen 15% to 20%. Long-term growth intact Even as it pares back flying in the near term, Kirby ⁠told employees that United was not backing away from its broader growth strategy. The Chicago-based carrier will continue taking delivery of about 120 new aircraft this year, including 20 Boeing 787s, with another 130 aircraft due by April 2028, he said. United also will not respond the way it did in past downturns by furloughing staff or delaying future investments, Kirby wrote in the memo. [...]

Wall St slips as Middle East turmoil clouds Fed outlook

March 20, 2026 2:51

Wall Street’s main indexes slipped on Friday as the Iran war approached its fourth week, roiling energy markets and prompting investors to aggressively reprice bets on the Federal Reserve’s interest-rate cuts. The conflict in the Middle East showed no signs of easing as Iran attacked an oil refinery in Kuwait and a report said that the Trump administration is planning to occupy or blockade Iran’s Kharg Island to pressure Iran to reopen the Strait of Hormuz. Investors also weighed major nations’ efforts to ease energy supplies. Brent prices wobbled throughout the day and were last at $108 a barrel. Offering some comfort, FedEx, often seen as a barometer of business activity, issued upbeat forecastsand said global demand was holding steady despite geopolitical tensions, sending its shares up 3.4%. Rival United Parcel Service added 0.6%. Still, investors are weighing the impact of higher oil prices on corporate earnings, as the first quarter comes to an end. “The longer this goes on, you’re going to start to see companies report in earnings that they’ve had price pressures and it could be all through the chain,” said Joe Saluzzi, co-head of equity trading at Themis Trading. A flurry of central bank decisions this week along with the Fed acknowledged how the conflict had complicated policymaking. Fed Governor Christopher Waller said he was planning to dissent in favor of a rate cut at the central bank’s meeting due to unexpected job losses until a developing oil shock raised inflation risks. While U.S. policymakers are still penciling in at least one quarter-point interest rate cut this year, markets are less convinced. Traders have pushed their bets for a rate cut to sometime in 2027, from December 2026 earlier this month, according to LSEG-compiled data. At 9:58 a.m. ET, the Dow Jones Industrial Average fell 110.31 points, or 0.24%, to 45,911.12, the S&P 500 lost 46.58 points, or 0.71%, to 6,559.91 and the Nasdaq Composite lost 259.01 points, or 1.17%, to 21,831.68. Wall Street’s fear gauge, the CBOE volatility index, spiked 1.25 points to 25.31. Seven of the 11 S&P 500 sector indexes were in the red, led by consumer discretionary’s 1.2% drop. Friday also marks the once-in-a-quarter simultaneous expiry of derivatives contracts tied to stocks, index options and futures, also known as “triple witching,” which can boost trading volume and aggravate volatility. All three main indexes were heading for their fourth straight week of losses and were below their 200-day moving average, a technical indicator reflecting long-term momentum. The small-cap-focused Russell 2000 index slipped 0.7% and had briefly touched a 10% drop from all-time highs earlier this week. Super Micro Computer tumbled 28.6% after three people associated with the artificial intelligence server maker were charged with smuggling at least $2.5 billion of AI technology to China. Rival Dell advanced 4.3%. Gains have been strong in energy stocks, with the S&P 500 sector index set for its 13th straight weekly winning streak, the longest on record, as geopolitical events in Venezuela and the Middle East dominated much of the first quarter. Halliburton was up marginally and Cheniere Energy added more than 1%. Amazon slipped over 1%. Reuters reported that the megacap introduced its first smartphone, hoping to take on Apple and Samsung. Declining issues outnumbered advancers by a 3.22-to-1 ratio on the NYSE and by a 2.48-to-1 ratio on the Nasdaq. The S&P 500 posted eight new 52-week highs and 15 new lows, while the Nasdaq Composite recorded 21 new highs and 98 new lows. [...]

Sri Lankan shares close higher, but post weekly losses

March 20, 2026 12:10

Sri Lankan shares closed higher on Friday, but recorded their fourth straight weekly decline. The CSE All-Share index settled 1.85% higher at 20,639.73 points. An International Monetary Fund staff mission will visit Sri Lanka from March 26 to April 9 to discuss the combined fifth and sixth reviews of the country’s reform program under its extended fund facility. Trading volume on the index rose to 215.2 million shares from 176.5 million shares in the previous session. The equity market’s turnover rose to 4.39 billion Sri Lankan rupees ($14.08 million) from 3.95 billion rupees in the previous session, according to exchange data. Foreign investors were net sellers, offloading stocks worth 892.9 million rupees, while domestic investors were net buyers, purchasing shares worth 4.28 billion rupees, the data showed. [...]

Gujarat clears new Tata Power deal to resume long-term supply

March 20, 2026 12:03

NEW DELHI: India’s western Gujarat state has approved a revised power supply pact with Tata Power, clearing the way for the company to resume long-term supply from its 4-gigawatt Mundra plant, according to a government document seen by Reuters. The imported coal-fired plant has not operated for the past six months after the government last year withdrew the emergency clause that compensates companies for generating power using expensive imported coal. The deal comes as a relief to India, which is looking to maximise power output from its coal plants amid an escalating Middle East conflict that is expected to lead to a gas shortage during summer. India weighs rule to maximise output at imported-coal plants, sources say The deal needs approval from the federal power regulator and would take effect retrospectively from April 2025. The document did not have details on the exact pricing of the power supply but Gujarat has mandated that the price must not exceed that paid by other states, as per the document. Tata Power and the Gujarat government did not immediately respond to emails seeking comment. The power producer’s shares were up 3.3% in early trade at 411 rupees at 0400 GMT in Mumbai. [...]

Indian asset managers dump government bonds at record pace on oil shock

March 20, 2026 11:58

MUMBAI: Mutual funds have sold Indian government bonds at a record pace in March so far, as the Iran war drove up oil prices, heightening inflation risks, pushing the rupee to record lows and prompting a broad selloff across the debt market. This has led some asset managers to shift to short-duration corporate debt where they see greater value. Mutual funds have net sold government bonds worth 356 billion rupees ($3.82 billion) so far this month, a record for any month, clearing house data showed. Brent crude’s surge to near $120 per barrel has intensified inflation concerns and pushed the rupee to a record low beyond 93 per dollar, prompting investors to demand higher yields on both government and corporate bonds. Corporate bonds have come under greater pressure than sovereign bonds, in line with broader risk-off sentiment. LSEG AAA-rated corporate bond yield with 2-5 year maturity has jumped 20-25 basis points, while its government bond counterpart is up less than 10 bps. As corporate-government bond spreads widen, some investors see value in the former. Corporate bonds have become “more attractive from a risk-reward perspective”, said Basant Bafna, head of fixed income at Mirae Asset Investment Managers (India). Mutual funds’ selling of government bonds reflect heightened caution due to the Iran war, alongside improving relative value in corporate bonds, Bafna said. Fund managers are adjusting strategies to take advantage of current market conditions. “The strategy is largely to shift towards segments offering better carry and relative value,” said Anurag Mittal, senior executive vice president and head of fixed income at UTI AMC. Moderate-duration funds were favouring 1–3 year accrual, while active duration strategies are selectively investing in longer-end state debt and money market securities, Mittal added. Mutual fund managers said wider corporate bond spreads were creating an opportunity to rebalance portfolios before the financial year-end. Rajeev Radhakrishnan, CIO-fixed income at SBI Mutual Fund, the nation’s largest fund manager in terms of assets under management, said some investors may opt to switch to other asset categories in hybrid schemes. “Apart from tactical positioning to potentially benefit from market dislocations and supply pressures (on government bonds) in the current stage of the cycle, moderate duration and credit risks strategies are preferred.” [...]

Oil up despite efforts by US, allies to boost supply and open Strait of Hormuz

March 20, 2026 11:51

LONDON: Oil prices gained on Friday despite leading European nations, Japan and Canada offering to join efforts to secure safe passage for ships through the Strait of Hormuz and the U.S. outlining moves to boost oil supply. “The potential for a quick reversal in energy prices is unlikely because damage has been done to production,” said Ole Hansen, the head of commodity strategy at Saxo Bank. “The fact on the ground remains that we have a tight market.” Brent futures rose $1.67, or 1.5%, to $110.32 a barrel at 1030 GMT, while U.S. West Texas Intermediate (WTI) crude added 33 cents, or 0.3%, to $96.47. For the week, benchmark Brent was on track to rise nearly 7%, while WTI was set to fall about 2% in its first weekly decline in five weeks. Israel and Iran traded fresh attacks on Friday, following a hit on an oil refinery in Kuwait. In a joint statement on Thursday, after earlier hesitating, Britain, France, Germany, Italy, the Netherlands and Japan expressed “our readiness to contribute to appropriate efforts to ensure safe passage through the Strait”, through which 20% of the world’s oil and LNG transit. Looking to curb soaring oil prices, U.S. Treasury Secretary Scott Bessent said the U.S. may soon remove sanctions from Iranian oil stranded on tankers, and said a further release of crude from the U.S. Strategic Petroleum Reserve was possible. Brent jumped higher than $119 a barrel on Thursday, coming close to a March 9 peak, after Iran responded to an Israeli attack on a major gas field by ?knocking out 17% of Qatar’s LNG capacity, causing damage that will take up to five years to repair. U.S. President Donald Trump said he told Israel not to repeat attacks on Iranian gas infrastructure. Israeli Prime Minister Benjamin Netanyahu said his country had acted alone in the attack and Iran no longer has the capacity to enrich uranium or make ballistic missiles. Earlier in the Friday session, both benchmarks had shed some of their “war premiums” as world leaders started to acknowledge a need for restraint and de-escalation, said Priyanka Sachdeva, senior market analyst at Phillip Nova. She added that markets will remain sensitive to the critical Hormuz chokepoint. “The damage has been inflicted, and even if safe passage for tankers is somehow negotiated through Hormuz, reviving logistics fully fledged can take an awfully long time,” Sachdeva said. In a boost to U.S. supply, North Dakota’s crude output is expected to rise this month and in the following months as operators in the third-largest oil-producing state restart inactive wells and winter restrictions are eased, the state’s regulator said on Thursday. The North Dakota Department of Mineral Resources said, however, the pace of activity would depend on how long oil prices stay high ?and that oil majors’ budgets have already been set. [...]

Aluminium recovers as market weighs disruptions and weaker demand

March 20, 2026 11:40

LONDON: Aluminium prices steadied on Friday as investors balanced the competing impacts of the Iran war and lower supply from disrupted operations in the Middle East against weaker demand from a spike in oil prices. Benchmark three-month aluminium on the London Metal Exchange was up 0.5% at $3,269 a metric ton by 1030 GMT, having closed down 4.4% in the previous session after sliding as much as 8.4% as speculators scrambled to liquidate positions. “The tone in base metals is cautious after yesterday’s session that left aluminium at the centre of attention,” said Neil Welsh, head of metals at broker Britannia Global Markets. Aluminium prices had rallied in recent weeks on fears of supply disruptions after the U.S. and Israel attacked Iran. The Gulf accounts for 8% of global production. Aluminium Bahrain said on Thursday it is exporting metal via the Saudi port of Jeddah as the Strait of Hormuz remains effectively shut. High oil prices, however, spur inflation, erode global economic growth and dampen metals demand. “That combination has traders balancing the risk of regional supply disruption against the risk that higher energy prices will slow manufacturing demand,” Welsh added. Metal prices briefly got support on Friday when oil eased during Asian trading on Western efforts to secure safe passage through the Strait of Hormuz, but oil later recovered, eroding that buffer. LME copper was slightly firmer in Asian trading, but later went into the red, giving up 0.3% to $12,115 a ton. It was headed for a 5.5% weekly loss, the biggest since April 2025. The most active copper contract on the Shanghai Futures Exchange ended daytime trading 1.1% lower at 94,780 yuan ($13,751.18), down 6.1% for the week. Among other metals, LME zinc rose 0.3% to $3,080 a ton and lead gained 0.6% to $1,899.50 while nickel shed 0.6% to $16,890 and tin dropped 2.4% to $42,490. [...]

Indian rupee sinks past 93 per dollar to record low as Iran war risks deepen

March 20, 2026 11:37

MUMBAI: The Indian rupee fell past 93 per dollar for the first time on Friday and logged its worst single-day drop in over four years, on worries over the hit to Asia’s third-largest economy from the Iran war-led disruptions to global energy supplies. The rupee fell more than 1% to 93.7350 against the U.S. dollar, eclipsing its previous record low of 92.63 touched on Wednesday. It closed at 93.71 and was down about 1.3% on the week, the steepest decline since late 2022. A prolonged spike in crude prices could slow growth and stoke inflation in the world’s third-biggest oil importer and consumer. The oil shock has prompted foreign investors to pull out more than $8 billion from Indian equities this month, the largest outflow since January 2025 which adds to strain on the local unit. With no sign of the conflict easing, the rupee looks increasingly vulnerable and could weaken to 95 per dollar. The rupee “could be more vulnerable if the conflict drags on, which mainly reflects its exposure to higher energy prices,” said Vivek Rajpal, Asia macro strategist at JB Drax Honore. Oil prices surged to nearly $120 per barrel this week, before retreating on Friday to about $110 as some countries offered to join efforts to secure safe passage for ships through the Strait of Hormuz. On Friday, traders also pointed to persistent dollar demand from local oil marketing companies in recent sessions, adding pressure on the rupee, which has slumped nearly 3% since the Iran war broke out. One battle after another For over a year now, the rupee has been pummelled by headwinds ranging from trade frictions with the U.S. to conflicts in key energy-producing regions and heavy foreign selling of stocks, pushing investors to raise short bets on the currency. The rupee has depreciated about 8% against the dollar over the last year and has also weakened sharply against the euro, the British pound, and the Chinese yuan. The latest oil shock has dragged Indian shares to the weakest level in about a year, lifted bond yields and triggered worries over widening fiscal and current account deficits. However, frequent market interventions by the Reserve Bank of India has helped slow the rupee’s decline, helping the currency weather the shock better than peers such as the South Korean won and Thai baht. [...]

Iran war, HDFC Bank offset value buying as Indian shares log weekly losses

March 20, 2026 11:33

Indian shares climbed on Friday, helping limit steep weekly losses, as investors sought bargains following a sharp selloff triggered by concerns over the Iran war and a decline in heavyweight HDFC Bank. The Nifty 50 rose 0.49% to 23,114.50 and the BSE Sensex gained 0.44% to 74,532.96, on Friday. The rupee breached the 93 per dollar mark for the first time to an all-time low against the U.S. dollar on Friday. The Nifty and Sensex fell 3.3% each on Thursday, their worst session since June 4, 2024. However, they ended the week down only 0.16% and 0.04%, helped by value buying earlier and a partial rebound on Friday. Brent crude traded at $111 a barrel on Friday after leading European nations and Japan offered to join efforts to secure safe passage for ships through the Strait of Hormuz. It rose to $119.13 a barrel in the previous session. “Investors remain wary of tensions in the Middle East, as even an immediate end to the war would leave energy supplies taking months to normalise,” said Vivek Shukla, regional head at Emkay Global Financial Services. “Still, the recent correction is beginning to draw value buyers, with more attractive valuations and entry points cushioning the markets from steep losses, as seen this week,” Shukla said. Ten of the 16 major sectors posted weekly losses. Small-caps fell 1.1%, while mid-caps rose 0.2%. HDFC Bank, the benchmarks’ top weight, lost 4.5% this week after the abrupt exit of its part-time chairman. The stock pulled financials and private banks down 1.4% and 1%, respectively. The auto index rose 2.2% this week after its worst weekly showing in six years last week. On the day, IT index gained 2.2% after U.S. peer Accenture posted better-than-expected quarterly earnings. [...]

Hyundai to recall over 61,000 Palisade SUVs in US after fatal incident, NHTSA says

March 20, 2026 9:34

Hyundai Motor is recalling 61,093 Palisade SUVs in the US following a fatal accident linked ‌to a power seat issue, the US National Highway Traffic Safety Administration (NHTSA) said on Friday. Hyundai said last week that it would stop sales of ⁠some new Palisade SUVs in the U.S. and Canada, and would recall them over the issue with power seats following an incident in which a two-year-old girl was killed in Ohio on March 7. The NHTSA said ‌the ⁠second- and third-row power seats in the 2026 model year Palisade SUVs may not detect contact with an occupant or ⁠object as intended. The recall affects certain Palisade and Palisade Hybrid vehicles, the regulator said, ⁠adding that a remedy was under development and that Hyundai will ⁠update the power seat control software in the interim. [...]

Gold price drops by Rs8,100 per tola in Pakistan

March 20, 2026 8:11

Gold prices in Pakistan decreased on Friday in line with their loss in the international market. In the local market, gold price per tola reached Rs491,362 after a decline of Rs8,100 during the day. Similarly, 10-gram gold was sold at Rs421,263 after it fell by Rs6,945, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Thursday, gold price per tola reached Rs499,462 after a decrease of Rs24,300 during the day. The international rate of gold declined by $81 to reach $4,686 per ounce (with a premium of $20). Meanwhile, the price of silver also decreased by Rs50 to reach Rs67,684 per tola. [...]

Work from home, avoid air travel to deal with higher energy prices, IEA says

March 20, 2026 6:19

PARIS: The International Energy Agency (IEA), which this month agreed a record release of oil from strategic stockpiles to deal with the effects of the US-Israeli war with ‌Iran, outlined on Friday proposals to ease oil price pressures on consumers, such as working-from-home and avoiding air travel. The US-Israel war with Iran has driven up energy prices, causing concerns over inflation across the world. The IEA said its proposals were actions ⁠that governments, businesses and households could take to ease the pain on consumers from the recent spike up in energy prices. The IEA said such proposals included working from home, reducing highway speed limits by at least 10 kilometres per hour, and avoiding air travel if other means of transport were available. “We have recently launched the largest ever release of IEA emergency oil stocks – and ‌I ⁠am in close contact with key governments around the world, including major energy producers and consumers, as part of our international energy diplomacy,” said IEA executive director Fatih Birol in a statement. “In addition to ⁠this, today’s report provides a menu of immediate and concrete measures that can be taken on the demand side by governments, businesses and households ⁠to shelter consumers from the impacts of this crisis,” added Birol. The IEA agreed on March 11 to release a record 400 ⁠million barrels of oil from strategic stockpiles to combat the spike in global crude prices, with the U.S. contributing the bulk of the supply. [...]

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President, PM extend Eid-ul-Fitr greetings, urge unity and compassion

March 21, 2026 7:42

President Asif Ali Zardari and Prime Minister Shehbaz Sharif on Saturday extended heartfelt greetings to the people of Pakistan and Muslims around the world on the joyous occasion of Eid-ul-Fitr, urging them to carry forward the spirit of Ramazan in their daily lives. In his message on Eid-ul-Fitr (1st Shawwal 1447), the president said the festival was a reward for the prayers, patience, piety and sacrifice observed during the holy month of Ramazan. He said the occasion marked a new beginning of spiritual renewal through Allah’s mercy and forgiveness, coupled with a deepened sense of servitude to the Almighty. Quoting a verse from the Holy Quran, he highlighted that fasting was prescribed to attain righteousness, adding that the core message of Eid revolved around piety, self-accountability and moral purity. He also referred to a saying of the Holy Prophet Muhammad (PBUH), noting that those who fast with faith and hope for reward are granted forgiveness. The president emphasised that the true success of Eid lay in translating the teachings of Ramazan into practical life. He stressed that values such as patience, tolerance, compassion, justice and brotherhood were essential for building both an ideal individual and a strong, united nation. Calling Eid-ul-Fitr a day to promote love, harmony and social cohesion, he urged people to share their happiness with the needy, orphans and underprivileged segments of society. He also called for renewed commitment to national unity, constitutional supremacy and the rule of law, terming the country’s development and stability a shared responsibility. He prayed for peace in the region and unity within the Muslim Ummah, expressing hope that Pakistan would continue to move forward with stability, consensus and prosperity. Meanwhile, Prime Minister Shehbaz Sharif, in his Eid message, described the occasion as a manifestation of Allah’s special mercy and boundless blessings. He said Muslims express gratitude to the Almighty for granting them the joy of Eid after a month of prayers and devotion, and prayed for the acceptance of their worship. He noted that Eid-ul-Fitr symbolized the reward for patience and perseverance, while also renewing the spirit of sacrifice, unity, service to humanity and collective responsibility. The prime minister urged the nation to share the joys of Eid with the less fortunate, highlighting the importance of inclusivity and social care. He also mentioned the government’s efforts during Ramazan, including the successful implementation of a digital wallet system to provide dignified financial assistance to vulnerable groups. Emphasizing unity and cooperation as the foundation of national progress, he said collective responsibility was key to ensuring Pakistan’s prosperity. Reflecting on global challenges, the prime minister expressed solidarity with the people of Gaza and other conflict-affected regions in the Middle East, saying their suffering underscored the urgent need for unity within the Muslim Ummah to promote justice, dignity and lasting peace. He concluded with prayers for global peace, stability and harmony, expressing hope that the spirit of Eid would strengthen values of justice, tolerance and brotherhood across the world. [...]

PM Shehbaz rejects summary proposing hike in petrol, diesel prices

March 21, 2026 5:39

Prime Minister Shehbaz Sharif on Friday rejected a summary proposing a sharp increase in petrol and diesel prices, opting to keep fuel rates unchanged amid rising global oil costs. Addressing the nation in the backdrop of the ongoing Middle East conflict, the prime minister said the government had received a proposal to raise petrol prices by Rs50 per litre and diesel by Rs74 per litre. However, he decided not to pass on the burden to the public. “My top priority is the protection of the common man,” he said, adding that the government would bear the burden of rising global oil prices. He said proposals suggesting cumulative increases of Rs76 per litre in petrol and Rs177 per litre in diesel were also rejected. He further said that on the joyous occasion of Eidul Fitr, the government turned down the price hike proposal, noting that it had already spent Rs69 billion to prevent cumulative increases of Rs127 per litre in petrol and Rs252 per litre in diesel. The prime minister said the government had already utilised funds from the development budget to subsidise petroleum products and provide relief to consumers. At the outset of his address, the premier extended Ramadan and Eid greetings, noting that the world was facing an “extraordinary challenge” due to the war, which has driven oil prices to a two-year high. He said global crude prices had surged sharply as supply chains were disrupted by the ongoing conflict, adding that values such as selflessness, hard work and compassion were essential to overcome the crisis. Two weeks ago, the government raised petrol and diesel prices by Rs55 per litre — around 20% — citing the same global pressures. The increase in petrol prices exceeded the international trend, as the government aimed to generate additional revenue to subsidise diesel consumption, mainly used in public transport and the agriculture sector. Despite further increases in global oil prices last week, the prime minister said he chose to honour his commitment to the public by keeping fuel prices unchanged. [...]

Draper, Ruud exit while Alcaraz, Sabalenka advance at rain-hit Miami Open

March 21, 2026 5:01

Britain’s Jack Draper suffered a surprise defeat to American Reilly Opelka in the second round of the Miami Open on Friday, while Ethan Quinn claimed the biggest win of his career by upsetting 11th seed Casper Ruud. Draper had arrived in ‌Florida on the back of a quarter-final run at Indian Wells, just his second ATP Tour event after an extended spell out with an arm injury, but was unable to build on that momentum. Opelka produced a dominant serving display to beat 25th seed Draper 7-6(3) 7-6(0), firing 25 aces and 47 winners to reach the third round on home soil. “I didn’t have many chances, especially ⁠on his serve,” Draper told reporters. “I didn’t get broken in the match so that was kind of my job, right?” Earlier, after rain disrupted play in Miami Gardens, fellow American Quinn saved seven set points on his way to a 6-4 7-6(7) victory over Ruud, progressing for the first time in his career to a third round at a Masters 1000 event. Italy’s Matteo Berrettini, a former world number six, also clinched a surprise 6-4 6-4 win over 10th seed Alexander Bublik. Top seeds advance Persistent rain forced further scheduling changes, with several matches pushed to Saturday, while world number one and newly crowned Indian Wells champion Aryna ‌Sabalenka ⁠was moved to a secondary court to face Ann Li. Sabalenka survived a stern battle against her American opponent, grinding out a 7-6(5) 6-4 victory to reach the third round. “I was there, I was fighting no matter what, even though my game probably wasn’t the best one that I have,” Sabalenka said in her on-court interview. “She played incredible ⁠tennis - she was super aggressive and she served incredibly.” Men’s top seed Carlos Alcaraz later kept his title charge on track, sailing through to the next round with a composed 6-4 6-4 win over Brazilian teenager Joao Fonseca. Swiatek wants to simplify her game after shock opening defeat in Miami World number two ⁠Elena Rybakina continued her tremendous form, defeating her Kazakh compatriot Yulia Putintseva 6-3 6-3. Sixth seed Amanda Anisimova overcame a second-set wobble, after serving for the match before the rain delay, to beat Australia’s Ajla ⁠Tomljanovic 6-1 5-7 6-4. Fourth seed Coco Gauff and seventh seed Jasmine Paolini both came from a set down to defeat Elisabetta Cocciareto and Taylor Townsend, respectively, and advanced to the next round. [...]

Cuba refuses to negotiate president’s term in talks with United States

March 21, 2026 4:51

HAVANA: Cuba on Friday rejected any suggestion that its political system or the term of its president were subject to negotiation in talks with the United States, following reports that Washington sought ‌to remove Cuban President Miguel Diaz-Canel from power. “I can categorically confirm that … the political system of Cuba is not up for negotiation, and of course neither the president nor the position of any official in Cuba is subject to negotiation with the United States,” Deputy Foreign Minister Carlos Fernandez de Cossio told a press conference. Cuba said a week ago that it had entered talks with the U.S. government as an oil blockade imposed by US President Donald Trump pushes the Communist-run nation deeper into economic crisis, and as Trump has said he can do “anything I want” ⁠with Cuba, a sovereign neighbor. Speaking later to a group of foreign activists bringing humanitarian aid to Cuba, Diaz-Canel said Cuba was preparing for a possible US “aggression.” “We’re not just crossing our arms. In the first place, we recognize that there could be aggression against Cuba,” said Diaz-Canel, who has struck a more defiant tone recently. He said on social media on Tuesday that “any external aggressor will face an impenetrable resistance.” USA Today, citing two sources with knowledge of the Trump administration’s plans, reported before Cuba’s announcement that Trump was preparing an economic deal with Cuba that would relax trade restrictions but include an “off-ramp” for Diaz-Canel. The New York Times, citing four people familiar with the talks, later reported that the Trump administration was seeking to push Diaz-Canel from power with two years remaining on his term as president and five years left as leader of the Communist Party. Both reports said the US proposal would leave untouched the family ‌of former ⁠presidents Fidel and Raul Castro. Fidel Castro died in 2016 but Raul Castro, 94, remains highly influential eight years after handing the presidency over to Diaz-Canel, 65. Such a deal would resemble what has happened in Venezuela, where the United States deposed President Nicolas Maduro on January 3. Rather than attempt to install an opposition government, the U.S. has cooperated with acting President Delcy Rodriguez, Maduro’s former vice president who took power when US forces whisked away Maduro in an early morning raid. Authority spread widely Authority in ⁠Cuba is spread widely among senior Communist Party leaders, other government officials and the armed forces, unlike the concentration of power that characterized the Castro years from the start of the 1959 revolution until Diaz-Canel’s term began in 2018. De Cossio, who has led the foreign ministry’s office on U.S. relations, declined to offer further details of the ⁠bilateral discussions, leaving unanswered the questions of where and when they are taking place. Cuba says 32 of its citizens killed in Maduro extraction But he did say there were plenty of topics of mutual interest, including trade between the two countries that has been severed by the comprehensive U.S. economic embargo against Cuba. He also mentioned longstanding economic compensation that each country ⁠seeks. Cuba has claims against the United States for damages caused by the embargo, while there are 5,913 claims from Americans whose properties were nationalized in Cuba after the 1959 revolution that brought Fidel Castro to power. “These are very complex issues that can be discussed, but they require dialogue,” de Cossio said. “They require sitting down and are legitimate matters.” [...]

Iran targeted but did not hit Diego Garcia base with missiles, WSJ reports

March 21, 2026 4:45

Iran fired two intermediate-range ballistic missiles at Diego Garcia but did ‌not hit the US-UK military base in the Indian Ocean, the Wall Street Journal reported on Friday, ⁠citing multiple US officials. One of the missiles failed in flight, while a US warship fired an SM-3 interceptor at the other, although it could not be determined ‌if ⁠the interception succeeded, the newspaper said. The Journal did not specify when the missiles ⁠were fired. US forces seize ship in Indian Ocean that fled Caribbean blockade The White House and the British embassy in Washington and ⁠Ministry of Defence did not immediately respond to ⁠Reuters requests for comment. [...]

Pentagon’s limits on press access unconstitutional, US judge rules

March 21, 2026 4:37

NEW YORK: A federal judge on Friday blocked the Trump administration’s restrictive Pentagon press access policy, which threatens journalists with being branded security risks if they seek information not authorized for public release. The lawsuit by the New York Times in Washington, D.C., federal court alleged that policy changes ‌by the Defence Department last year gave it free rein to freeze out reporters and news outlets over coverage the department did not like, in violation of the Constitution’s protections for free speech and due process. The government disputed that characterization and said the policy is reasonable and necessary for national security. US District Judge Paul Friedman said in his ruling that he recognized the importance of protecting troops and war plans but that it was “more important than ever that the public have access to information from a variety of perspectives about what its government is doing” in light of President Donald Trump’s recent “incursion” into Venezuela and war with Iran. Pentagon spokesman Sean Parnell said on social media that ⁠the government disagrees with the decision and will seek an immediate appeal. Israeli military says it is striking Hezbollah targets in Beirut New York Times spokesman Charlie Stadtlander said the ruling enforces constitutionally protected rights for the free press and “reaffirms the right of The Times and other independent media to continue to ask questions on the public’s behalf.” “Americans deserve visibility into how their government is being run, and the actions the military is taking in their name and with their tax dollars,” Stadtlander said in a statement on Friday. Most news outlets did not sign on to new policy The changes approved under Defence Secretary Pete Hegseth in October 2025 state that journalists can be deemed security risks and have their press badges revoked if they solicit unauthorized military personnel to disclose classified, and in some cases unclassified, information. Of the 56 news outlets in the Pentagon Press Association, only one agreed to sign an acknowledgment of the new policy, according to the Times’ lawsuit. Reporters who did not sign surrendered their press passes. The Pentagon assembled a new press corps consisting of pro-Trump outlets and media personalities after the exodus of reporters, which the Times said was evidence that the policy ‌was aimed ⁠at stifling unflattering coverage. The policy states that publishing sensitive information “is generally protected by the First Amendment” but says soliciting that information could be considered by officials when determining whether a reporter poses a “security or safety risk.” In its lawsuit, the Times said the policy unlawfully restricts essential newsgathering techniques and gives the Pentagon “unfettered” discretion to revoke passes, permitting it to impose the type of “viewpoint-based” press restrictions forbidden by the Constitution. Justice Department lawyers acknowledged the policy was partly subjective but said press credentialing decisions were still governed by neutral, objective criteria. The government also said soliciting military personnel to commit a crime by disclosing unauthorized information ⁠was not legally protected speech. Germany’s Merz faces second state election test on Sunday In his ruling on Friday, Friedman said the policy violated the First and Fifth Amendments because it was vague, overly expansive and “makes any newsgathering and reporting not blessed by the Department” a possible basis for revocation of a journalist’s pass. He also rejected the government’s argument that the policy is aimed at preventing criminal solicitation of defense secrets by journalists, saying it was impossible for ⁠reporters to know whether information they seek is authorized for release. The policy change was criticized by journalism advocates, who called it another attack on the free press by Trump and his administration. Freedom of the Press Foundation advocacy chief Seth Stern praised Friday’s ruling in a statement, saying it was “shocking” that the government had argued that “journalists asking questions of the government is criminal.” The Associated ⁠Press has a pending lawsuit against Trump administration officials over its removal from the White House press corps after the news agency decided to continue using the Gulf of Mexico’s established name, while acknowledging Trump’s executive order calling on US institutions to refer to it as the Gulf of America. Iran tells world to get ready for $200 a barrel The AP said the decision was illegal viewpoint-based discrimination, while the government countered that it had wide discretion over press access decisions for non-public spaces. [...]

US allows 30-day sale of Iran oil at sea in bid to tame prices

March 21, 2026 4:26

US sending Marines and amphibious assault ship to Middle East, officials say

March 21, 2026 4:12

WASHINGTON/DUBAI: The US military is deploying thousands more Marines to the Middle East, officials told Reuters on Friday, as President Donald Trump accused NATO allies of cowardice over their reluctance to send forces to help open the Strait of Hormuz. The narrow waterway, conduit for around a fifth of global oil and liquefied natural gas supplies, has been effectively closed ‌to most shipping since the United States and Israel launched the war against Iran almost three weeks ago. Vital energy infrastructure in both Iran and neighbouring Gulf states has also been attacked, and oil prices have jumped about 50% since the start of the war on February 28, threatening a global economic shock. In an effort to increase supply and lower prices, the Trump administration said it would waive sanctions on Iran to allow the sale of 140 million barrels of oil that has been stranded on tankers since the war began. The administration had previously eased sanctions on a similar amount of Russian oil as well. More than 2,000 people have been killed, mostly in Iran and Lebanon, while Americans appear increasingly concerned at signs the war could expand further. A new Reuters/Ipsos poll showed almost two-thirds of Americans believe Trump will order troops into a large-scale ground war, with only 7% supporting such a move. On Friday, Israel’s military said it carried out two large waves of air strikes on Tehran and central ⁠Iran, targeting weapons production facilities and sites storing ballistic missile launchers and components. Israel faced multiple waves of missile attacks from Iran, according to the Israeli military, triggering air raid sirens in Tel Aviv and Jerusalem, where explosions from interceptions were heard. Fragments from an Iranian missile struck Jerusalem on Friday, landing just outside the Old City, which is sacred to Christians, Jews and Muslims, police said, releasing a photograph of the debris. There were no reports of injuries or casualties. Kuwait’s state oil firm said its Mina Al-Ahmadi refinery had suffered multiple drone attacks that set some units alight, the latest energy facility hit by Iran in recent days. Troops deploy Three US officials told Reuters that 2,500 Marines, along with the USS Boxer, an amphibious assault ship, and accompanying warships would deploy to the region, although they did not say what their role would be. Two officials said there had been no decision on whether to send troops into Iran itself. Sources have earlier told Reuters that possible targets could include Iran’s coast or Kharg Island oil export hub. Trump said the United States was close to reaching its goals in the war, which include degrading Iran’s military and preventing it from developing a nuclear weapon, and may wind down its military effort. Trump also called US allies “cowards” for declining to help open the Strait of Hormuz while fighting continued in a conflict they were not consulted about beforehand. Several allies have pledged to join “appropriate efforts” to ensure safe passage through the strait, but Germany and France have both said fighting must stop first. German Chancellor Friedrich Merz said he would speak to Trump this weekend. The UK government authorized the US to ‌use its bases ⁠in Britain to strike Iranian missile sites that are targeting ships in the strait. Khamenei’s health in question As Muslims around the region tried to celebrate Eid al-Fitr, which ends the fasting month of Ramadan, and Iranians marked Nowruz, the Persian New Year, new Iranian Supreme Leader Mojtaba Khamenei issued a message of defiance. Khamenei, who has not been seen in public since the Israeli attack that killed his father and predecessor Ayatollah Ali Khamenei on the war’s first day, said Iranians had responded with unity and resistance and “dealt a disorienting blow to the enemy”. A US intelligence official, speaking on condition of anonymity, said the statement raises questions about Khamenei’s condition, as his father traditionally marked the New Year with a video address. The official said Khamenei’s extended absence raises questions about his condition and who is running the country. US and Israeli officials say Iran can still hit back, even though weeks of bombing ⁠have severely weakened the government and depleted its stock of missiles and drones. Iran’s Revolutionary Guards said they had attacked Haifa and Tel Aviv with multi-warhead missiles and used drones to attack weapons stocks at US bases, including Sheikh Isa air base in Bahrain. No comment was immediately available from US forces. The semi-official Iranian news agency Tasnim said intelligence minister Esmail Ahmadi was killed, the latest of dozens of leading figures assassinated by Israel. “We have nobody to talk to,” Trump said. “And you know what? We like it that way.” Fuel prices climb ahead of US elections Soaring US diesel and gasoline prices may hurt ⁠Trump’s core political support as his Republicans prepare to defend slim majorities in November’s congressional elections. On Friday, the benchmark price of Brent crude oil was up slightly, near $110, after surging the day before on growing fears that the largest ever disruption to world energy supplies would trigger a global economic shock. Flows of crude and petroleum have dropped by about 12 million barrels per day - roughly 12% of global demand - due to output cuts and export halts by Gulf producers. Those barrels cannot easily be replaced by the industries that rely on them, ⁠and will be felt for months or even years. A major Qatari gas field was disrupted by an Iranian strike, and Iraq on Friday declared force majeure on all oilfields developed by foreign oil companies. [...]

Australia’s Northern Territory braces for Tropical Cyclone Narelle impact

March 21, 2026 3:56

SYDNEY: Tropical Cyclone Narelle was forecast to hit Australia’s Northern Territory on Saturday ‌after a day earlier bringing destructive winds, heavy rain and power outages to the country’s northeast coast. Narelle, a category two system moving west in the Gulf of Carpentaria, would likely reach ⁠the remote east of the territory late on Saturday, the nation’s weather bureau said. “Narelle is forecast to strengthen during Saturday as it tracks quickly westwards,” the bureau said, forecasting destructive winds of up to 185 kph (115 mph). Tropical storm makes landfall near Philippine capital, work suspended On Friday, Narelle made landfall as a category four system, a rung short of ‌the ⁠strongest, in neighbouring Queensland state about 550 km (340 miles) north of Cairns, the gateway to the Great Barrier Reef tourist attraction. Weather officials later downgraded the ⁠storm as it moved inland. Narelle comes after Tropical Cyclone Fina hit the Northern Territory in November and conjured up painful ⁠memories of Cyclone Tracy that wiped out much of the region’s capital Darwin on Christmas ⁠Day 1974. Tracy killed 66 people in what was one of Australia’s worst natural disasters. [...]

Israeli military says it is striking Hezbollah targets in Beirut

March 21, 2026 3:48

The Israeli military said early on ‌Saturday it was striking Hezbollah targets in Beirut, after issuing an evacuation warning for seven neighborhoods in ⁠the southern suburbs of the Lebanese capital. There were no immediate reports of casualties. Israel has been stepping up airstrikes against Lebanon in the third week of its war with ‌Iran-backed ⁠Hezbollah. The Hezbollah-Israel conflict has become the deadliest spillover of the US-Israeli war on Iran since the Lebanese ⁠militant group fired at Israel in support of Tehran on March ⁠2, with more than 1,000 people killed in ⁠Lebanon and over 1 million displaced. [...]

United Airlines to cut more flights as it eyes oil above $100 through 2027

March 21, 2026 3:40

Trump says US getting close to meeting objectives in Iran war

March 21, 2026 1:04

WASHINGTON: President Donald Trump said on Friday the U.S. was getting very close to meeting its objectives as it considers winding down its military efforts in the Iran war and called on countries that use Strait of Hormuz to guard and police it “as necessary.” “The Hormuz Strait will have to be guarded and policed, as necessary, by other Nations who use it — The United States does not!,” Trump said in a post on Truth Social. “If asked, we will help these Countries in their Hormuz efforts, but it shouldn’t be necessary once Iran’s threat is eradicated,” he said. [...]

Oil jumps to highest settlement since July 2022 as more Mideast supply disrupted

March 20, 2026 11:38

HOUSTON: Oil prices jumped on Friday and settled at their highest in nearly four years, as Iraq declared force majeure on all oilfields developed by foreign oil firms and the Iran war escalated with the U.S. set to deploy thousands of additional Marines and sailors to the Middle East. Brent futures for May settled up $3.54, or 3.26%, to $112.19 a barrel, the highest since July 2022. U.S. West Texas Intermediate crude futures for April, which expired on Friday, settled up $2.18, or 2.27%, at $98.32. The more actively traded second-month U.S. crude futures settled at $98.23, 2.8% higher. At the session high, Brent crude futures rose more than $4.The U.S.-Israeli war on Iran has shown no signs of abating with attacks on key energy infrastructure in Iran and strikes by that nation on its neighbors, including Saudi Arabia, Qatar and Kuwait.“This is the worst-case scenario, not only do we have force majeure in Iraq but also a significant number of troops being amassed by the U.S. in the Persian Gulf, hopes for a quick resolution and return of supply to the global market through the Strait of Hormuz is vanishing before our eyes,” said John Kilduff, partner at Again Capital. Brent gained about 8.8% for the week, while the front-month WTI settled down around 0.4% compared with last Friday’s close. WTI’s discount to Brent hit its widest in 11 years on Wednesday. READ MORE: Oil up despite efforts by US, allies to boost supply and open Strait of Hormuz The oil market is starting to build in expectations of longer supply shut-ins following attacks and several weeks – at least - before the crucial Strait of Hormuz is reopened. “The potential for a quick reversal in energy prices is unlikely because damage has been done to production,” said Ole Hansen, head of commodity strategy at Saxo Bank. On Friday, U.S. President Donald Trump said there are no leaders left in Iran to talk to about the war as military strikes continue to target Iranian officials. He also reiterated demands that Iran have no nuclear weapons. Israel and Iran traded fresh attacks on Friday, following a hit on an oil refinery in Kuwait. On Thursday, Trump said Israel would not repeat attacks on energy facilities. On Friday, U.S. Energy Secretary Chris Wright said removing oil sanctions on stranded waterborne Iranian cargoes would get supplies to Asia in three to four days. On Thursday, U.S. Treasury Secretary Scott Bessent made those plans clear. READ MORE: Iraq declares force majeure on foreign-operated oilfields over Hormuz disruption, sources say Bessent had said a further release of crude from the U.S. Strategic Petroleum Reserve was possible. Wright said reserve releases will take place over the next few months. All eyes on Hormuz Analysts said prices will remain elevated as long as traffic through the Strait of Hormuz is disrupted and likely even after. Some 20% of the world’s oil and LNG transits through the strait. “As long as the flow of oil through the Strait of Hormuz remains restricted, the path of least resistance for crude prices remains to the upside,” UBS analyst Giovanni Staunovo said. International Energy Agency chief Fatih Birol warned in an interview with the Financial Times on Friday that it could take up to six months to restore oil and gas flows from the Middle East Gulf. The Trump administration is considering plans to occupy or blockade Iran’s Kharg Island to pressure Iran to reopen the Strait of Hormuz, Axios reported on Friday, which could also pressure supply. On Thursday, Brent surged past $119 a barrel, nearing a March 9 peak, after Iran responded to an Israeli attack on a major gas field by knocking out 17% of Qatar’s LNG capacity. The damage will take up to five years to repair. Elsewhere, Russia attacked Ukrainian oil and gas facilities in Poltava and Sumy regions overnight, Ukraine’s state oil and gas major Naftogaz said on Friday. U.S. energy firms increased the oil rig count by two to 414 this week, the highest since mid-December, energy services firm Baker Hughes said in its closely followed report on Friday. [...]

Iraq declares force majeure on foreign-operated oilfields over Hormuz disruption, sources say

March 20, 2026 10:12

BAGHDAD: Iraq has declared force majeure on all oilfields developed by foreign oil companies after military operations in the region disrupted navigation through the Strait of Hormuz, halting most of the country’s crude exports, three energy officials with direct knowledge of the decisionsaid. Navigation through the Strait of Hormuz — a chokepoint for around 20% of global oil and liquefied natural gas supplies — has been severely affected by unprecedented military activity, the oil ministry said in a letter dated March 17 and seen by Reuters. Most Iraqi crude exports transit the Strait, and the disruptions have caused storage capacity to reach its limits, the letter said. International oil prices settled at their highest level in nearly four years on Friday, as the three-week-old U.S.-Israeli warwith Iran escalated. READ MORE: Iraq’s gas imports from Iran halted due to war “The international partners were unable to nominate tankers to lift crude, preventing exports despite the state oil company SOMO being ready to load shipments,” the letter said. “Based on the situation, the ministry ordered a full shutdown of production at affected concession areas, with no compensation arising from the measure under contract terms.” The ministry said the scale-back would be reviewed periodically depending on regional developments and invited companies to urgent talks to agree on essential operations, costs and staffing under the force majeure conditions. Iraq’s Oil Minister Hayan Abdel-Ghani said crude production at Basra Oil Company has been cut to 900,000 barrels per day (bpd) from 3.3 million bpd after exports from the country’s southern ports were halted, according to a ministry statement on Friday. The produced quantities were being pumped to operate refineries, the ministry statement said. The drop in production and exports is set to strain Iraq’s already fragile finances as the state relies on crude sales for nearly all public spending and more than 90% of its income. The U.S.-Israeli war with Iran has already spilled beyond Iran’s borders, as Tehran has responded by hitting Israel and Gulf Arab states hosting U.S. military installations, and Israel has launched fresh attacks in Lebanon after the Iran-aligned Hezbollah fired across the border. [...]

Fed officials say Iran war obscuring outlook as traders price in rate hike

March 20, 2026 9:12

NEW YORK: The risk of persistent inflation arising from the escalating war with Iran was strong enough to convince an influential Federal Reserve policymaker to switch his support to keeping interest rates on hold from cutting them this week, he said on Friday, as market expectations for the U.S. central bank’s next move shifted rapidly toward a hike in borrowing costs. “We don’t know where this is going to go, but we have to sort of think maybe caution is warranted” for the U.S. central bank, given the recent surge in energy prices, Fed Governor Christopher Waller said in a CNBC interview. Noting that many oil price shocks usually involve a surge and then a subsequent pullback, the Fed is watching to see if prices surge and stay high, as that poses the most notable risk to drive up inflation that’s already above the central bank’s 2% target, he said. READ MORE: Fed leaves rates unchanged, sticks with single cut in 2026 despite higher inflation If high energy prices start pushing up underlying rates of inflation, “you do have to kind of respond,” Waller said. But for now, “I just want to wait and see where this goes, and if things go reasonably well and the labor market continues to be weak, I would start advocating again for cutting the policy rate later this year,” Waller said, adding that he didn’t see any need to consider raising borrowing costs, as some Fed officials are now contemplating. In a separate interview with Fox Business Network’s “Mornings with Maria“ program, Fed Vice Chair for Supervision Michelle Bowman said “it’s too early to tell what the longer-term imprint will be on the U.S. economic activity, and how we should think about that in terms of our longer-term economic forecast, and how we should think about that in terms of our (policy) meetings and any rate changes that we might make as a result of economic evolution coming forward.” Uncertainty in driver’s seat Waller and Bowman were the first Fed policymakers to speak publicly since the U.S. central bank decided on Wednesday to leave its benchmark overnight interest rate in the 3.50%-3.75% range following the end of a two-day policy meeting. The Fed’s policy statement flagged the uncertainty that the U.S.-Israeli war with Iran was creating for the economic outlook. Updated economic projections released by the Fed on Wednesday showed policymakers continuing to pencil in a single quarter-percentage-point rate cut this year and another such move in 2027. READ MORE: Central banks stand ready to tackle war-led inflation Traders of short-term interest-rate contracts, however, are now pricing in increased odds of a rate hike in December, a dramatic shift from expectations earlier this week of a reduction in borrowing costs. Bank of America economists said to hike rates, the job market should be stable with an unemployment rate of around 4.5% and core inflation as measured by the Personal Consumption Expenditures Price Index should exceed 3.2%, among other factors. “These conditions are most likely to be met if the Iran shock is sustained but moderate” and the “sweet spot” for hikes has oil in the $80 to $100 per barrel range, they said. A Dallas Fed report said “a closure of the Strait of Hormuz that removes close to 20% of global oil supplies from the market throughout (the) second quarter (of) 2026” should raise the price of oil to just shy of $100 per barrel.The volatile surge in energy prices triggered by the war and the uncertainty about the flow of oil and natural gas from the Middle East creates the risk of higher inflation, slower economic growth and job losses, as consumers are forced to spend more on energy. That outlook creates a significant challenge for Fed policymakers because it threatens the central bank’s job and inflation mandates, potentially forcing them to choose which to emphasize. Meanwhile, some Fed policymakers are contemplating the need for rate hikes. The case for hiking rates rests in part on the reality that the central bank has missed achieving its inflation target for years, which threatens to erode public confidence that price pressures will return to target. Some Fed policymakers also are concerned about the already-tepid labor market. Bowman did not say what she expects the Fed to do over the near term, but noted in her interview that “I’m still concerned about … the job market” and in terms of the monetary policy outlook, “I’ve written three cuts in … before the end of 2026, to hopefully support the labor market.” Bowman’s decidedly dovish monetary policy outlook contrasts with that of many of her Fed colleagues. [...]

Punjab by-polls: Notices served on minister, SAPM for 'violating' election code of conduct

November 21, 2025 1:33

This collage of pictures show Federal Minister of Power Sardar Awais Ahmad Khan Leghari and Special Assistant to the Prime Minister Huzaifa Rehman. —APP/NA website/FileShow-cause notices have been issued to Minister for Power Sardar Awais Ahmad Khan Leghari and Special Assistant to the... [...]

27th Amendment empowers FCC to hear all constitutional cases: minister

November 20, 2025 7:59

Minister of State for Law and Justice Barrister Aqeel Malik addressing an event on December 21, 2024. — Facebook@BarristerAqeelMalikState Minister for Law Aqeel Malik said on Thursday that the 27th Amendment has vested authority to hear constitutional matters in the Federal Constitutional... [...]

JF-17 attracts strong attention at Dubai Airshow as friendly country inks procurement MoU

November 20, 2025 5:25

Pakistan Air Force JF-17 Thunder fighter jet during World Defence Air Show 2024 held in Riyadh, Saudi Arabia, February 7, 2024. — PPI Pakistan's JF-17 Thunder garnered significant attention at the Dubai Airshow 2025, leading to the signing of a memorandum of understanding with a... [...]

US lawmakers laud Punjab govt's initiative to modernise brick-kiln

November 20, 2025 4:39

Punjab Chief Minister Maryam Nawaz attends ceremony in this undated image. — Facebook/@MaryamNSharifISLAMABAD: The Congressional Pakistan Caucus has applauded Punjab’s drive to modernise its brick-kiln sector, saying the reforms could serve as a pilot for eliminating bonded labour and... [...]

Security forces gun down 30 terrorists in multiple IBOs in KP: ISPR

November 20, 2025 4:38

Frontier Constabulary and army personnel gather stand guard in Kurram, January 17, 2025. — AFPSecurity forces killed 30 Indian proxy Fitna al-Khawarij terrorists during multiple intelligence-based operations carried out by security forces in Khyber Pakhtunkhwa , the military's media wing... [...]

MQM-P calls for new province in Sindh

November 20, 2025 3:56

Muttahida Qaumi Movement-Pakistan Convener Khalid Maqbool Siddiqui addresses a press conference in Karachi, November 20, 2025. — Screengrab via YouTube/Geo NewsKARACHI: With discussions on the 28th Amendment gaining momentum, the Muttahida Qaumi Movement–Pakistan has once again... [...]

US report validates Pakistan military edge over India: PM

November 20, 2025 3:55

Prime Minister Shehbaz Sharif addresses ceremony in Azad Jammu and Kashmir on November 20, 2025. — X/@GovtofPakistanPrime Minister Shehbaz Sharif on Thursday said a recent US report endorsing Pakistan’s downing of Indian aircraft stands as formal validation of the country’s... [...]

Banned TTP poses serious threat to Pakistan security: UNSC panel

November 20, 2025 10:24

Denmark’s Deputy Permanent Representative to United Nations and chair of UNSC's ISIL, Al-Qaeda Sanctions Committee Sandra Jensen Landi. — Screengrab via UN WebTV websiteThe chair of the United Nations Security Council's Daesh and Al-Qaeda Sanctions Committee has cautioned that the... [...]

CM Afridi clarifies remarks on by-poll after ECP requests army deployment

November 20, 2025 10:01

Khyber Pakhtunkhwa Chief Minister Sohail Khan Afridi addresses a gathering at Havelian, Abbottabad on November 19, 2025. — Facbook@ImMuhammadSohailAfridiISLAMABAD: Khyber Pakhtunkhwa Chief Minister Sohail Afridi on Thursday issued a clarification concerning his remarks on the NA-18 by-poll,... [...]

Dubai sees 3.2m Pakistani passengers in 2025 as airport sets new milestone

November 20, 2025 6:16

People sit at a coffee shop as they wait for their flight at the Dubai International Airport, in Dubai, United Arab Emirates, April 17, 2024. — ReutersDUBAI: Dubai International Airport handled 3.2 million passengers travelling from Pakistan in the first nine months of 2025, making the... [...]

Security forces kill 23 Indian proxy terrorists in KP's Kurram

November 20, 2025 5:08

Security forces are seen taking position during an operation. — ISPR/FileRAWALPINDI: Amid country's ongoing fight against the menace of terrorism, security forces have neutralised 23 Indian proxy Fitna al-Khawarij terrorists in separate engagements in Khyber Pakhtunkhwa's Kurram... [...]

Pakistan to construct island to boost oil exploration: report

November 19, 2025 6:26

Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas United States. — Reuters/FilePakistan's state-owned energy company, Pakistan Petroleum Limited , has announced plans for an artificial island to boost its oil exploration efforts.Islamabad has intensified its... [...]

Russia ready to mediate Pakistan's issues with India, Afghanistan: envoy

November 19, 2025 6:14

Russia's ambassador to Pakistan has extended his country's offer to mediate Islamabad's conflicts with India and Afghanistan, amid strained relations with its neighbouring countries.Islamabad's relations with India have remained tense since the four-day war in May, while the Afghan Taliban regime... [...]

Security forces neutralise four terrorists in KP IBOs

November 19, 2025 5:12

Soldiers ride on a Pakistan Army vehicle in this undated image. — AFP/FileFour terrorists affiliated with Indian proxy, Fitna al-Khawarij, were killed in a series of operations across Khyber Pakhtunkhwa from November 17 to 18, the Inter-Services Public Relations said on Wednesday.An... [...]

Reclassification of 41 candidates on reserved seats goes beyond SC mandate: Justice Mandokhail

November 19, 2025 4:38

Supreme Court's Justice Jamal Khan Mandokhail addresses an event related to Labour Day in Islamabad on May 1, 2025. — Screengrab/YouTube/Geo NewsISLAMABAD: Justice Jamal Khan Mandokhail has released a detailed dissent in the reserved seats case, stating that the ruling on 41 candidates... [...]

Billy Idol reflects on possible 'ADHD' diagnosis as he embraces sobriety

March 20, 2026 6:57

Photo: Billy Idol reflects on possible 'ADHD' diagnosis as he embraces sobrietyBilly Idol has been reflecting on his past behaviour and has questioned if he has undiagnosed ADHD.For those unversed, the Rebel Yell singer has years of excess and struggles with addiction are documented in new... [...]

Nasa prepares Artemis Moon rocket for April launch as SLS returns to pad after earlier issue

March 20, 2026 6:24

Nasa has rolled its Artemis Moon rocket back to the launch pad in Florida as preparations continue for a possible launch in early April.The Space Launch System rocket and Orion spacecraft are making the four-mile journey from the Vehicle Assembly Building to Pad 39B at the Kennedy Space Center.... [...]

Benjamin Netanyahu loses major American supporter with Chuck Norris death

March 20, 2026 4:21

As thousands of people took to social media to mourn the death of Chuck Norris, his political affiliations also became a topic of discussion online.Norris, the former martial arts champion and 1980s action-film hero who fought the bad guys in "Code of Silence," "Missing in Action" and "The Delta... [...]

Trump administration releases new AI policy to pre-empt state rules

March 20, 2026 4:08

Trump administration releases new AI policy to pre-empt state rulesIn a latest update from an artificial intelligence policy on Friday, March 20, that aims to pre-empt state rules to ensure protections for children ‌and shield communities from prohibitive energy costs.The Trump administration... [...]

Jeffrey Epstein lookalike speaks out on conspiracy theories

March 20, 2026 1:43

A man whose video recently sparked conspiracy theories about Jeffrey Epstein due to his resemblance to the late sex offender has finally addressed the rumors regarding his identity.The Florida resident was filmed due to his uncanny resemblance to the late sex offender as he drove his car on a... [...]

El Nino set to arrive: What does it mean for Wisconsin weather?

March 20, 2026 11:56

El Nino set to arrive: What does it mean for Wisconsin weather?El Nino refers to the periodic warming of central and eastern Pacific ocean surface temperatures. These patterns commonly last 9 to 12 months and recur every two to seven years or an irregular schedule. El Nino brings warmer,... [...]

Savannah Guthrie mother Nancy's kidnapping plot finally exposed

March 20, 2026 11:52

Kidnappings for ransom are actually pretty uncommon, and have “really decreased over the years.”US TV anchor Savannah Guthrie’s mother Nancy, who was abducted on February 1, search continued on 48th day by the authorities.According to a report by the Mirror US, a chilling new... [...]

UK meningitis outbreak: Vaccine confirmed effective against deadly strain

March 20, 2026 11:19

UK meningitis outbreak: Vaccine confirmed effective against deadly strainHealth authorities in Britain have provided a critical update regarding the meningitis outbreak in southeast England. According to laboratory analysis, it has been confirmed that the outbreak is caused by a group of... [...]

North Korean leader Kim Jong Un shares rare public moment with daughter on tank ride during military display

March 20, 2026 7:50

North Korean leader Kim Jong Un shares rare public moment with daughter on tank ride during military display North Korean Kim Jong Un and his teenage daughter recently participated in military exercises involving tank units and infantry. Notably, photos showed them riding together in an... [...]

Canada, and allies vow action to restore safe passage through the Strait of Hormuz

March 20, 2026 7:07

Canada and its allies say they are prepared to act to restore safe passage through the Strait of Hormuz, as the key shipping route faces disruption amid the ongoing conflict involving Iran.In a joint statement released Thursday, Canada, the United Kingdom, France, Germany, Italy, the Netherlands... [...]

Trump 24-karat gold coin wins approval from hand-picked federal panel: How the treasury bypassed currency law?

March 20, 2026 6:15

Trump 24-karat gold wins approval from hand-picked federal panel: How the treasury bypassed currency law?A federal arts commission has approved the design for a 24-karat gold commemorative coin featuring the image of President Donald Trump. The coin is part of the United States Mint program... [...]

Donald Trump's Pearl Harbor comment to Japan's Prime Minister Sanae Takaichi draws attention

March 20, 2026 5:44

A meeting between Donald Trump and Japan’s prime minister has drawn attention after remarks referencing Pearl Harbor during a press exchange in the Oval Office.While hosting Japanese Prime Minister Sanae Takaichi on Thursday, Trump was asked by a Japanese reporter why allies were not... [...]

Did they ever find Nancy Guthrie? Popular burglary theory 'blown apart'

March 20, 2026 2:21

Nancy Guthrie burglary gone wrong theory questioned by crime expertNancy Guthrie has been missing from her home near Tucson, Arizona, for nearly 50 days. Several theories floated about what happened to the 84-year-old.One of them was the burglary gone wrong.But Morgan Wright, a crime expert who... [...]

US States challenge Trump's move to revoke basis of climate regulations

March 19, 2026 11:18

US States challenge Donald Trump’s move to revoke basis of climate regulationsA recent update informs that US states have challenged Donald Trump's move to revoke the basis of climate regulations.The New York Attorney General's Office said, Twenty-three states, led by Democratic-governed New... [...]

Zach Braff looks back on 'ego crushing' experience with Michael Fassbander

March 19, 2026 6:02

Photo: Zach Braff looks back on 'ego crushing' experience with Michael FassbanderZach Braff has recalled an embarassing experience with Michael Fassbander. Speaking to Dax on his Armchair Expert podcast, Zach shared that during a night out in Las Vegas with Scrubs co-star Donald Faison when... [...]

کراچی میں آج ہونے والی بارش کے اعداد و شمار جاری

March 21, 2026 5:03

— فائل فوٹومحکمہ موسمیات نے کراچی میں آج ہونے والی بارش کے اعداد و شمار جاری کردیے۔محکمہ موسمیات کے مطابق جناح ٹرمینل پر سب سے... [...]

مریم نواز کی عید سادگی سے منانے کی اپیل

March 21, 2026 4:03

وزیرِ اعلیٰ پنجاب مریم نواز---فائل فوٹو وزیرِ اعلیٰ پنجاب مریم نواز نے خطے کے حالات کے پیشِ نظر عید سادگی سے منانے کی اپیل کرتے ہوئے... [...]

سیاسی و عسکری قیادت اندرونی اور بیرونی چیلنجز سے نمٹنے کیلئے مؤثر اقدامات کر رہی ہے: رانا ثناء

March 21, 2026 4:03

رہنما مسلم لیگ ن رانا ثناء اللّٰہ---فائل فوٹو مسلم لیگ کے رہنما رانا ثناء اللّٰہ نے قوم کو عید کی مبارکباد دیتے ہوئے کہا ہے کہ پاکستان... [...]

افغانستان میں عید کی وجہ سے آپریشن معطل ہوا ہے، طلال چودھری

March 21, 2026 3:03

— فائل فوٹووزیر مملکت برائے داخلہ طلال چودھری نے کہا ہے کہ پاکستان اسلام کے نام پر بنا، سب سے پہلے پاکستان کی فکر کرنی چاہیے۔طلال... [...]

دہشت گردی کی پشت پناہی کرنے والی افغان حکومت کے ساتھ عید کے موقع پر سیز فائر ہے: خواجہ آصف

March 21, 2026 3:03

— فائل فوٹووزیر دفاع خواجہ آصف نے کہا ہے کہ دہشت گردی کی پشت پناہی کرنے والی افغان حکومت کے ساتھ عید کے موقع پر سیز فائر ہے۔سیالکوٹ... [...]

ملک بھر میں عیدالفطر آج منائی جارہی ہے

March 21, 2026 2:03

ملک بھر میں آج عیدالفطر مذہبی عقیدت و احترام کے ساتھ منائی جارہی ہے۔نماز عید کے ہزاروں چھوٹے بڑے اجتماعات ہوئے جن میں ملکی سلامتی،... [...]

کراچی کے مختلف علاقوں میں صبح سویرے گرج چمک کے ساتھ بارش

March 21, 2026 1:03

کراچی کے مختلف علاقوں میں صبح سویرے گرج چمک کے ساتھ بارش ہو رہی ہے اور تیز ہوائیں چل رہی ہیں۔شہر میں صدر، آئی آئی چندریگر... [...]

سکھر: گھر میں گھس کر فائرنگ، 4 بھائی جاں بحق، ایک زخمی

March 21, 2026 12:03

سکھر کے انور پور محلے میں گھر میں فائرنگ کے نتیجے میں 4 بھائی جاں بحق جبکہ ایک زخمی ہوگیا۔پولیس کے مطابق ملزم نے گھر میں گھس کر فائرنگ... [...]

کراچی: ملیر کی 8 منزلہ رہائشی عمارت میں آگ لگ گئی

March 21, 2026 12:03

فائل فوٹوکراچی کے علاقے ملیر کی 8 منزلہ رہائشی عمارت میں آگ لگ گئی۔ترجمان ریسکیو کے مطابق 2 فائر ٹینڈر آگ بجھانے میں مصروف... [...]

صدر اور وزیراعظم کی قوم کو عید کی مبارک باد

March 20, 2026 11:03

صدر آصف علی زرداری اور وزیراعظم شہباز شریف نے قوم کو عیدالفطر کی مبارک باد دی ہے۔صدر نے کہا کہ آج کے دن ہمیں قومی یکجہتی، آئینی... [...]

کراچی: چاند رات پر ہوائی فائرنگ سے 9 افراد زخمی

March 20, 2026 10:03

کراچی میں چاند رات کے موقع پر مختلف علاقوں میں ہوائی فائرنگ سے زخمی ہونے والوں کی تعداد 9 ہوگئی، زخمیوں میں بچی اور پولیس اہلکار بھی... [...]

لاہور میں رات گئے بارش اور ژالہ باری، خنکی مزید بڑھ گئی

March 20, 2026 10:03

لاہور کے مختلف علاقوں میں رات کو بارش اور ژالہ باری ہوئی جس سے شہر میں خنکی مزید بڑھ گئی۔لاہور میں رات کو گڑھی شاہو، گلبرگ، لبرٹی... [...]

مختلف شہروں میں چاند رات کی رونقیں عروج پر

March 20, 2026 9:03

ملک بھر میں آج عیدالفطر آج مذہبی جوش و جذبے کے ساتھ منائی جائے گی، مختلف شہروں میں چاند رات کی رونقیں عروج پر ہیں۔عید کی تیاریوں کے... [...]

افواجِ پاکستان کی قوم کو عیدالفطر کی مبارکباد

March 20, 2026 9:03

پاک فوج کی جانب سے قوم کو عیدالفطر کی مبارکباد، مسلح افواج کے سربراہان نے پاکستانیوں کے لیے نیک خواہشات کا اظہار کیا ہے۔پاک فوج کے... [...]

عید پر آج کراچی میں بارش کی پیش گوئی

March 20, 2026 8:03

عید پر آج کراچی میں گرج چمک کے ساتھ بارش کا امکان ہے۔محکمہ موسمیات کے مطابق سکھر، جیکب آباد، لاڑکانہ، حیدرآباد سمیت سندھ کی ساحلی... [...]

جنوبی کوریا کی کار فیکٹری میں آگ لگنے سے 11 افراد ہلاک، 59 زخمی

March 21, 2026 6:03

تصویر بشکریہ رائٹرز نیوز ایجنسیجنوبی کوریا کی کار فیکٹری میں آگ لگنے سے 11 افراد ہلاک اور 59 زخمی ہوگئے۔غیرملکی میڈیا کے مطابق زخمیوں... [...]

ٹرمپ کی تصویر والے طلائی سکے کی منظوری پر سیاسی تنازع کھڑا

March 21, 2026 5:03

— تصویر بشکریہ غیر ملکی خبر رساں ادارہامریکی صدر ڈونلڈ ٹرمپ کی تصویر سے مزین ایک یادگاری طلائی سکے کے ڈیزائن کی منظوری دے دی گئی۔ اس... [...]

حضرت عیسیٰؑ کی توہین کا ارادہ نہیں کیا تھا: اسرائیلی وزیرِ اعظم نیتن یاہو

March 21, 2026 4:03

اسرائیلی وزیرِ اعظم نیتن یاہو — فائل فوٹواسرائیلی وزیرِ اعظم نیتن یاہو نے حضرت عیسیٰؑ کی شان میں گستاخی کے الزامات مسترد کر دیے اور... [...]

مجتبیٰ خامنہ ای کی نوروز اور عید کی مبارک باد

March 21, 2026 4:03

— فائل فوٹوایرانی رہبرِ اعلیٰ مجتبیٰ خامنہ ای نے فارسی نئے سال اور عید کے موقع پر اپنے تحریری پیغام میں قوم اور تمام مسلمانوں کو... [...]

ٹرمپ انتظامیہ کا ہارورڈ یونیورسٹی پر یہود مخالف ماحول کا الزام: اربوں ڈالر کا مقدمہ دائر کردیا

March 21, 2026 3:03

فوٹو بشکریہ بین الاقوامی میڈیا امریکی صدر ڈونلڈ ٹرمپ کی انتظامیہ نے ہارورڈ یونیورسٹی کے خلاف اربوں ڈالر ہرجانے کا مقدمہ دائر کر دیا... [...]

جنگ اور بمباری کے سائے میں ایران میں نوروز کی تقریبات کا اہتمام

March 21, 2026 3:03

فوٹو بشکریہ بین الاقوامی میڈیا ایران میں فارسی نئے سال ’نوروز‘ کی تقریبات اس سال جنگی حالات میں منائی جا رہی ہیں۔بین الاقوامی... [...]

رواں برس رمضان میں کتنے غیرملکیوں نے عمرہ ادا کیا؟

March 21, 2026 3:03

سعودی وزارت حج و عمرہ نے رواں برس رمضان المبارک میں غیرملکی عمرہ زائرین کی تعداد کے حوالے سے تفصیلات جاری کردیں۔سعودی وزارت حج و عمرہ... [...]

عراق میں امریکی اڈے پر حملے کے بعد آگ بھڑک اٹھی

March 21, 2026 1:03

تصویر غیر ملکی میڈیاعراق میں امریکی اڈے پر حملے کے بعد آگ بھڑک اٹھی۔ کل عراق سے امریکی شہریوں کو فوری نکلنے کی ہدایت دی گئی... [...]

جنگ بندی نہ کرنے کے بیان کے فوراً بعد ٹرمپ کا ایک اور متضاد بیان

March 20, 2026 11:03

جنگ بندی نہ کرنے کے بیان کے فوراً بعد امریکی صدر ٹرمپ کا ایک اور متضاد بیان سامنے آگیا، سوشل میڈیا پر کہا کہ ہم مشرق وسطیٰ میں فوجی... [...]

امریکا کی عارضی طور پر ایرانی تیل کی فروخت کی اجازت

March 20, 2026 11:03

امریکا نے عارضی طور پر ایرانی تیل کی فروخت کی اجازت دے دی۔امریکی محکمہ خزانہ کے مطابق نئے لائسنس کے تحت جہازوں پر لوڈ تیل کی فروخت... [...]

میں جنگ بندی نہیں کرنا چاہتا، ٹرمپ

March 20, 2026 10:03

فائل فوٹوامریکی صدر ڈونلڈ ٹرمپ نے کہا کہ میں جنگ بندی نہیں کرنا چاہتا، جب امریکا چاہے گا تو اسرائیل ایران کی جنگ ختم کرنے کے لیے تیار... [...]

برطانیہ نے امریکا کو اپنے فوجی اڈے استعمال کرنے کی اجازت دیدی

March 20, 2026 10:03

فائل فوٹوبرطانیہ نے امریکا کو ایران پر حملوں کے لیے اپنے اڈے استعمال کرنے کی اجازت دے دی۔10 ڈاؤننگ اسٹریٹ کا کہنا ہے کہ برطانوی... [...]

عراقی مزاحمت کاروں نے امریکی ایئر بیس پر ریڈار سسٹم کو تباہ کردیا

March 20, 2026 3:03

فوٹو: ایرانی میڈیا عراق میں سرگرم مزاحمتی گروپ کی جانب سے دعویٰ کیا گیا ہے کہ انہوں نے اربیل میں واقع امریکی زیرِ انتظام ہریر ایئر... [...]

چیک ریپبلک: اسرائیل کیلئے اسلحہ بنانے والی فیکٹری کو آگ لگادی گئی

March 20, 2026 3:03

تصویر، برطانوی میڈیاچیک ریپبلک میں اسرائیل کےلیے اسلحہ بنانے والی فیکٹری کو آگ لگادی گئی۔خبر ایجنسی کے مطابق چیک ریپبلک کے شہر... [...]

ایران جنگ کیلئے پہلے سے تیار، جنوری سے ہمارے فوجی خطے میں تعینات تھے، برطانیہ

March 20, 2026 3:03

برطانیہ کے وزیر برائے مشرق وسطیٰ ہمیش فالکنر۔برطانیہ کے وزیر برائے مشرق وسطیٰ ہمیش فالکنر نے کہا ہے کہ برطانیہ ایران جنگ کے لیے پہلے... [...]

پاکستان میں مٹی کا تیل 70.73 روپے فی لیٹر مزید مہنگا ہوگیا

March 21, 2026 12:03

عالمی منڈی میں تیل کی بڑھتی قیمتوں کے باعث پاکستان میں آج سے مٹی کا تیل 70 روپے 73 پیسے فی لیٹر مہنگا کر دیا گیا۔مٹی کے تیل کی نئی... [...]

ملک میں سونے کی قیمتیں گراوٹ کا شکار

March 20, 2026 8:03

---فائل فوٹوپاکستان بھر کی صرافہ مارکیٹوں میں سونے کی قیمتیں گراوٹ کا شکار ہیں۔آل پاکستان صرافہ جیمز اینڈ جیولرز ایسوسی ایشن کے... [...]

پاکستان اسٹاک ایکسچینج: ہفتہ وار بلند ترین سطح 154684 رہی

March 20, 2026 7:03

—فائل فوٹوپاکستان اسٹاک ایکسچینج کی ہفتہ وار اپ ڈیٹ سامنے آ گئی۔پاکستان اسٹاک ایکسچینج میں اس کاروباری ہفتے میں منفی رجحان رہا... [...]

سونے کی قیمتوں میں بڑی کمی، فی تولہ کتنے کا ہو گیا؟

March 19, 2026 8:03

---فائل فوٹوپاکستان بھر کی صرافہ مارکیٹوں میں سونے کی قیمتوں میں بڑی کمی ریکارڈ کی گئی ہے۔آل پاکستان صرافہ جیمز اینڈ جیولرز ایسوسی... [...]

آبنائے ہرمز کی بندش: عالمی غذائی بحران کا خدشہ، کھاد کی قلت، قیمتوں میں اضافہ

March 19, 2026 6:03

---فائل فوٹوعالمی سطح پر جاری ایران جنگ کے دوران آبنائے ہرمز کی بندش کے بعد تیل کی قیمتوں میں اضافے کے ساتھ ساتھ اب ایک نیا بحران سر... [...]

ایرانی گیس فیلڈ پر اسرائیلی حملہ: تیل کی قیمتوں میں شدید اضافہ، عالمی مہنگائی کا خطرہ بڑھ گیا

March 19, 2026 6:03

---فوٹو بشکریہ بین الاقوامی میڈیاایران کی سب سے بڑی گیس فیلڈ ساؤتھ پارس پر اسرائیلی حملے کے بعد عالمی منڈی میں تیل کی قیمتوں میں تیزی... [...]

پاکستان اسٹاک ایکسچینج میں مندی

March 19, 2026 4:03

—فائل فوٹوپاکستان اسٹاک ایکسچینج میں کاروباری ہفتے کے چوتھے دن منفی رجحان دیکھا جا رہا ہے۔پی ایس ایکس بینچ مارک 100 انڈیکس کاروبار... [...]

عالمی اور مقامی مارکیٹس میں سونے کی قیمتیں برقرار

March 18, 2026 10:03

---فائل فوٹوعالمی و مقامی گولڈ مارکیٹس میں سونے کی قیمتیں سابقہ سطح پر برقرار ہیں۔آل پاکستان صرافہ جیمز اینڈ جیولرز ایسوسی ایشن کے... [...]

اے ڈی بی کی نئی 5 سالہ حکمت عملی لانچ، معیشت میں بہتری اور روزگار کے مواقع بڑھانے کا اعلان

March 18, 2026 9:03

---فائل فوٹوایشیائی ترقیاتی بینک نے پاکستان کے لیے 2026ء سے 2030ء تک کی نئی کنٹری پارٹنرشپ اسٹریٹیجی لانچ کر دی، جس میں آئندہ 5 سال کے... [...]

پاکستان اسٹاک ایکسچینج میں مثبت رجحان

March 18, 2026 5:03

---فائل فوٹوپاکستان اسٹاک ایکسچینج میں کاروباری ہفتے کے تیسرے دن مثبت رجحان دیکھا گیا۔پی ایس ایکس بینچ مارک 100 انڈیکس کاروبار کے... [...]

مشرقِ وسطیٰ جنگ کے اثرات پاکستان میں روئی کی قیمتوں پر بھی پڑنے لگے

March 18, 2026 5:03

---فائل فوٹو مشرقِ وسطیٰ میں جاری جنگ کے اثرات پاکستان میں روئی کی قیمتوں پر بھی پڑ رہے ہیں۔کے جی ایف کے چیئرمین احسان الحق نے کہا ہے... [...]

ایران جنگ کے باوجود سونے کی قیمتیں کیوں نہیں بڑھ رہیں؟

March 18, 2026 4:03

—فائل فوٹوایران کے خلاف جاری جنگ اور مشرقِ وسطیٰ میں بڑھتی کشیدگی کے باوجود عالمی منڈی میں سونے کی قیمتوں میں نمایاں اضافہ دیکھنے... [...]

فروری میں کرنٹ اکاؤنٹ سرپلس، ترسیلات زر اور غیرملکی سرمایہ کاری میں اضافہ: وزارت خزانہ

March 17, 2026 12:03

ایمیج: فائلوزارت خزانہ نے پاکستان کے معاشی اعشاریے مثبت ہونے کی نوید سنا دی۔ وزارت خزانہ کے مطابق فروری میں ملکی کرنٹ اکاؤنٹ سرپلس،... [...]

پاکستان اسٹاک ایکسچینج میں مثبت رجحان

March 17, 2026 9:03

---فائل فوٹوپاکستان اسٹاک ایکسچینج میں کاروباری ہفتے کے دوسرے دن مثبت رجحان دیکھا گیا۔پی ایس ایکس بینچ مارک 100 انڈیکس کاروبار کے... [...]

سونے کی قیمتوں میں ایک بار پھر اضافہ

March 17, 2026 7:03

---فائل فوٹوپاکستان بھر کی صرافہ مارکیٹوں میں سونے کی قیمتوں میں ایک بار پھر اضافہ ریکارڈ کیا گیا ہے۔آل پاکستان صرافہ جیمز اینڈ... [...]

‘Six figures are missing’: My aunt’s attorney took over her bank account. Two random doctors declared her incompetent. How do I fix this?

March 20, 2026 9:39

“The attorney found two doctors — one who briefly spoke to her and signed off, and another who never saw her and simply stamped the form.” [...]

‘This guy has no manners’: My Airbnb guest requested I buy bacon and beer. The $30 bill remains unpaid. Do I insist?

March 20, 2026 9:37

“I don’t want him to retaliate with a bad review.” [...]

‘The money is tax-free’: I’m 76 and won $50,000 in a settlement related to cancer from nuclear waste. What should I do with it?

March 20, 2026 9:37

“The money is tax-free and does not affect our income, which comes from investments and Social Security.” [...]

Super Micro’s stock sinks 33% after co-founder’s indictment. Here are Wall Street’s biggest questions.

March 20, 2026 9:36

While Super Micro wasn’t named in a recently unsealed lawsuit, analysts say the charges raise concerns about credibility and controls. [...]

Chuck Norris never dies: How a meme made the actor a cultural icon and multimillion-dollar brand

March 20, 2026 9:29

Memes didn’t just make Chuck Norris funny — they made him an icon, revived his career and may keep paying dividends for decades to come. [...]

The first major stock index just fell into correction territory. Will others follow?

March 20, 2026 9:18

U.S. stocks finished sharply lower on Friday, as investors wrapped up another bruising week. [...]

History says these 2 overlooked asset classes are the only real shield against 1970s-style stagflation

March 20, 2026 8:24

Wall Street fears higher prices and slower growth will sink all stocks — but small-caps and housing hold their own. [...]

Here’s the exact amount of money you need to make to be financially secure

March 20, 2026 8:04

The yearly thresholds for achieving financial security range from roughly $62,700 for one-person households over age 65 to $169,300 for families with two or more adults and three or more kids. [...]

Global oil prices climb for 5th straight week as U.S. sends more military might into Middle East

March 20, 2026 7:57

Oil prices settled higher Friday, with global benchmark Brent crude posting a fifth straight weekly gain, after the Pentagon said it is sending more troops and warships to the Middle East. [...]

March 27 looks like a make-or-break day for American travelers and the partial government shutdown

March 20, 2026 7:56