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US Investigates Suspicious Oil Trades Made Before Trump's Iran Policy Shifts
Recent examples where oil trading volumes spiked at key moments in the past few weeks have raised concerns about potential misuse of material non-public information tied to Trump's shifting stance on the war in Iran.
Paper oil
AN interesting thing is happening in the oil markets that has not received enough media attention. Given the prolonged closure of the Strait of Hormuz and the severe supply-side crisis that has hit global oil markets, there should by now have been a spiralling rise in the price of oil. But instead, we see it rise slightly above $100 and then drop below. Sometimes this follows the headlines. But overall, a mystery is developing around why oil prices are not seeing massive rises these days, even a...
8th Pay Commission: Will Rs 69,000 minimum pay actually happen?
th Pay Commission Will Rs minimum pay actually happen
Australia refinery fire worsens fuel supply crunch amid Iran war
A fire at the largest of Australia's two oil refineries has hit petrol production, company and government ‌officials said on Thursday, just as the nation faces pressure to shore up fuel security with the Iran war disrupting global supply. State fire authorities said the blaze, which broke out at a 120,000 barrels-per-day refinery run by Viva Energy on Wednesday night, had been brought "under control" at noon (6pm PKT) on Thursday. The fire came at a bad time for Australia as...
Victorian fuel prices could spike by 20c a litre due to Geelong refinery fire, experts warn
Some petrol stations may see short-term fuel outages as refinery output slows, but national supplies should not be affectedFull report: Geelong oil refinery fireGeelong oil refinery fire: what we know so farFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastVictorian motorists are being warned to brace for a spike in petrol prices of up to 20c a litre due to a huge blaze at Viva Energy’s oil refinery in Geelong, but oil and supply cha...
Oil prices drop as potential Iran-US deal cools supply fears
The US-Israel war against Iran has resulted in the largest-ever disruption of energy supplies due to Iran's interruption of traffic through the strait, which provides a passage for 20% of the world's oil and liquefied natural gas shipments.
Stock market today: Nifty50 opens above 24,350; BSE Sensex up over 400 points
Stock market today: Indian equity benchmarks, Sensex and Nifty50, continued their uptrend on Thursday on positive global cues and hopes of an early end to the US-Iran conflict. While Nifty50 went above 24,350, BSE Sensex rose over 400 points.
IMF MD appreciates Pakistan’s reform progress and macro stability
International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Thursday appreciated Pakistan’s ongoing economic reform progress during her interaction with Finance Minister Muhammad Aurangzeb at the IMF–World Bank Spring Meetings 2026. In a statement on X, she said, “Pakistan’s strong implementation of its reform programme has helped maintain macroeconomic stability and build investor confidence”. She added, “Sound economic policies, along with d...
'I thought she had courage': Trump says his relationship with Italy's Meloni 'no longer same'
Donald Trump criticized Italian Prime Minister Giorgia Meloni for not supporting him in his dispute with the Pope, stating their relationship has turned negative. Meloni, however, has expressed solidarity with Pope Francis, calling Trump's remarks "unacceptable." Despite the flap, an Italian minister affirmed that US-Italy relations remain strong.
Peltola outraises Sullivan, lags in cash on hand
Former Rep. Mary Peltola’s (D-Alaska) staggering first-quarter haul comes with a caveat: She spent a lot to raise a lot. Peltola hauled in nearly $8.7 million directly to her campaign account over the first quarter of the year in her quest to unseat Alaska GOP Sen. Dan Sullivan. She raised four times as much cash as the incumbent, according to filings from the Federal Election Commission. But she spent nearly $3 million, leaving her with $5.7 million in cash on hand. Sullivan, meanwhile, raise...
Sensex, Nifty opening: Will stock market continue its rally or fall today?
Sensex Nifty opening Will stock market continue its rally or fall today
NSW considers stockpiling fuel reserves as 'confidence drops in Albanese government'
NSW considers stockpiling fuel reserves as 'confidence drops in Albanese government'NSW considering stockpiling dieselWestern Australia made decision first READ MORE: 'Significant fire' breaks out at one of Australia's last oil refineries By NICHOLAS COMINO, POLITICAL REPORTER, AUSTRALIA Published: 04:30, 16 April 2026 | Updated: 04:30, 16 April 2026 e-mail View comments
PSX jumps over 2,300 points in early trade
The rally at the Pakistan Stock Exchange (PSX) gathered fresh momentum on Thursday, with bulls dominating from the opening bell and pushing the benchmark KSE-100 index sharply higher in early trade. Within minutes of the session, the index surged by 2,306.29 points, or 1.27%, climbing to 170,826.23 by 9:34am. The upbeat tone seen in recent sessions carried forward, supported by strong investor confidence and improved liquidity conditions. Market data showed a solid breadth of activity. The ind...
Tax relief on menstrual products proposed in Balochistan
QUETTA: Balochistan Minister for Education Raheela Durrani has reaffirmed the government’s commitment to ensuring the health, dignity and well-being of women and girls across the province through decisive legislative action. Presiding over a consultative meeting on Wednesday to strategise a joint assembly resolution on menstrual health and hygiene (MHH) tax reforms, she said steps were underway to provide maximum facilities for the empowerment of women in Balochistan. The consultative sessio...
China First-Quarter Growth Rebounds Despite Iran War
China's first-quarter GDP growth hit 5% year-on-year, beating the expectation of 4.8%. Bloomberg's David Ingles and Yvonne Man are joined by CEIBS Assistant Professor of Economics Howei Wu to discuss the latest data. (Source: Bloomberg)
Punjab moves to cut stamp duty on property transactions from 3% to 1%
The Punjab government on Thursday issued the Stamp (Amendment) Ordinance 2026, reducing stamp duty on immovable property transactions from 3% to 1% across the province following approval from Governor Sardar Saleem Haider Khan. According to a notification published in the Punjab Gazette, stated that ordinance sought to amend the Stamp Act 1899 to address disparities between urban and rural tax rates and streamline property transfer regulations. "Under the revised framework, stamp dut...
Gold, silver prices move up in Pakistan tracking global trends
Gold and Silver prices rose on Thursday in Pakistan, supported by a weaker dollar and lower US ‌Treasury yields, as investors grew optimistic about a potential end to the Middle East war, which has stoked fears of higher inflation. Spot gold rose 0.9% to $4,830.82 per ounce by 0455 GMT. US gold futures for June delivery gained 0.6% to $4,853.40. Following international market trends, gold and silver prices in Pakistan recorded further increases, with the price of 24-carat gold per tola r...
Major UK delivery company plunges into administration after angry reviews online
Major UK delivery company plunges into administration after angry reviews onlineThe business has been focused on providing a emission-free delivery service to help retailers to give same-hour, same-day or next-day delivery to customers, but has received mixed reviews onlineNewsTannur Anders UK & World News Reporter03:32, 16 Apr 2026Updated 03:34, 16 Apr 2026View 3 ImagesPackage delivery (file image)(Image: Getty)Delivery services business Quiver Delivery LTD has been appointed liquidators af...
Abbott to pay $70M over infant formula risks
Abbott to pay M over infant formula risks
China's economy grows faster than expected despite Iran war
China's economy grows faster than expected despite Iran warJust nowShareSaveAdd as preferred on GoogleOsmond ChiaBusiness reporterGetty ImagesChina's economy grew faster than expected in the first three months of the year, even as countries around the world feel the impact of the US-Israel war with Iran.Gross domestic product (GDP) rose by 5% in the period, compared to a year earlier, according to official data. Economists had expected the figure to come it at around 4.8%.That came des...