Oil prices jumped around 6 percent in Monday trading on uncertainty over peace talks between the US and Iran after violence flared around the Strait of Hormuz. Brent crude futures settled USD5.10, or 5.64 percent, higher to USD95.48 a barrel. US West Texas Intermediate advanced USD5.76, or 6.87 percent, at USD89.61. Both contracts had tumbled by 9% on Friday for their largest daily declines
Gold prices eased on Tuesday as the dollar firmed, while investors waited to see if the U.S. and Iran are meeting this week for peace talks after renewed tensions over the weekend. Spot gold was down 0.2% at $4,807.91 per ounce, as of 0217 GMT, extending its fall from Monday when it hit the lowest level since April 13. U.S. gold futures for June delivery were steady at $4,827.30. The U.S.
The dollar and yen were under pressure on Tuesday, with investors poised to buy riskier currencies and hoping for a U.S.-Iran deal to reopen Gulf shipping, while a sticky inflation reading lifted the New Zealand dollar. With the ceasefire set to expire this week, the fate of Iran peace talks remained uncertain as Tehran has yet to decide how to proceed with the diplomatic process following a
Oil prices fell on Tuesday, reversing gains in the previous session, on expectations peace talks between the U.S. and Iran will take place this week and allow more supply to flow from the key Middle East producing region. Brent futures declined 95 cents, or 1%, at $94.53, as of 0003 GMT. U.S. West Texas Intermediate (WTI) crude futures for May fell $1.54, or 1.72%, to $88.07. The May contract
The State Bank of Pakistan (SBP) said on Tuesday it received funds of $1 billion from the Ministry of Finance, Kingdom of Saudi Arabia. “This is the second tranche of the $3 billion deposit recently agreed by the Kingdom of Saudi Arabia,” said the central bank. The first tranche of $2 billion was received on 15th April 2026, it added.Last week, Finance Minister Muhammad Aurangzeb informed th