US President Donald Trump said on Thursday that Iran was letting 10 oil tankers transit the Strait of Hormuz as an apparent goodwill gesture in negotiations. Trump made the comments at a Cabinet meeting in the White House, elaborating on what he had previously described as a “present” from Iran. “They said, to show you the fact that we’re real and solid and we’re there, we’re going to
Gold rose over 1% on Friday, buoyed by a weaker dollar and bargain hunting, but was on track for a fourth straight weekly decline as surging energy prices fuelled inflation concerns and raised expectations of higher global interest rates. Spot gold rose 1.1% to $4,428.30 per ounce as of 0228 GMT, but bullion has fallen about 1.3% so far this week. US gold futures for April delivery gaine
The dollar pushed higher toward multi-month peaks on Friday as investors sought safety in the shadow of an intensifying Middle East war and mounting doubts over any path to de-escalation. Markets were on edge following another rollercoaster week as US President Donald Trump again extended a pause on strikes against Iran’s energy facilities into April even as Washington and Tehran offered star
Oil prices fell in early trade on Friday and were down over a volatile week after US President Donald Trump said talks with Iran to end the war were going “very well” and announced he would pause attacks on the country’s energy plants for 10 days. Brent futures fell 90 cents, or 0.8%, to $107.11 per barrel as of 0024 GMT, while U.S. West Texas Intermediate futures lost 83 cents, or 0.88%, to
The Pakistan Stock Exchange (PSX) opened sharply lower on Thursday, with the KSE-100 Index shedding over 2,000 points amid rising geopolitical uncertainty after Iran rejected a US-backed ceasefire proposal. At 9:35am, the benchmark index was hovering at 156,251.57, down by 2,061.87 points or 1.30%. Selling pressure was observed in key sectors, including automobile assemblers, cement, commerc