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Oil prices surge above $100 as US Navy to blockade Iran’s ports after peace talks fail
Oil futures were at over $100 per barrel in the wake of President Trump’s announcement that the U.S. military would start blockading ships looking to enter the Strait of Hormuz. Prices of U.S. benchmark West Texas Intermediate crude hovered just above $104 per barrel late Sunday night, with Brent crude oil, the international benchmark, prices…
Today Gold prices in Pakistan — April 13, 2026
KARACHI: Gold prices in Pakistan declined on April 13, 2026, in line with trends in the global bullion market amid ongoing geopolitical developments. According to rates issued by the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola decreased by Rs1,600 to Rs495,362, compared to Rs496,962 on the previous trading day. Similarly, the price of 10 grams of 24-karat gold fell by Rs1,371 to Rs424,693 from Rs426,064, while 10 grams of 22-karat gold declined by Rs1,...
Gas supply to power sector may double amid LNG shortfall
• Govt mulls diversion from households, CNG and fertiliser• Minister warns unless additional gas diverted, tariffs may rise sharply or result in massive loadshedding ISLAMABAD: Domestic natural gas supply to the power sector is expected to at least double by the end of the current month to minimise tariff hikes and loadshedding, which have become inevitable following the non-availability of imported liquefied natural gas (LNG) and upcoming hike in summer consumption. Informed sources told Dawn t...
Inpex Boosts Condensate Supply to Australia Amid Fuel Shortages
Japan’s Inpex Corp. will make two additional cargoes of natural gas condensate — used to produce refined fuels such as gasoline — from its Australian liquefied natural gas export project available to domestic refiners, as the country grapples with fuel shortages.
Copper Falls, Aluminum Spreads Spike as US Plans Hormuz Blockade
Copper fell and a key aluminum spread flared as US President Donald Trump’s vow to blockade the Strait of Hormuz threatened more uncertainty for metals markets already reeling from the six-week conflict in the Middle East.
Chinese Rare Earth Companies Jump After Quarterly Price Hike
Shares in Chinese rare earth companies advanced after key producers announced a sharp increase in second-quarter product prices, signaling tighter supply conditions and stronger demand amid heightened geopolitical tensions.
Ratney on Potential Impact of US Blockade of Hormuz
Michael Ratney, Former US Ambassador to Saudi Arabia and US Special Envoy for Syria, says the Trump Administration's plan to move US Navy forces to block the Strait of Hormuz 'injects enormous element of risk and uncertainty' that could lead to more spikes in energy prices and potential retaliation from Iran. He speaks with Shery Ahn and Haidi Stroud Watts on "Bloomberg: The Asia Trade". (Source: Bloomberg)
Petrol pump fined Rs11 mln over fuel adulteration, hoarding
The Oil and Gas Regulatory Authority (OGRA) fined owner of petrol pump for mixing chemicals in fuel as the body continues actions to ensure purity of fuel. According to details, OGRA launched a crackdown on petrol adulteration and illegal hoarding, fining the owner of Rana Filling Station in Muzaffargarh Rs11 million. The action was taken after ARY News aired a report highlighting the illegal storage of oil. Subsequently, OGRA teams conducted a raid at the site. Sources revealed that more than...
Trump says he’s ‘fine’ if Iran skips talks after negotiations fail, says ceasefire holding well
US President Donald Trump told reporters at Joint Base Andrews near Washington DC that he is "fine" if Iran doesn't return to negotiations "I don't care if they come back or not. If they don't come back, I'm fine," Trump said, a day after the US-Iran peace talks in Pakistan failed to reach a deal. He added that the ceasefire between the US and Iran is "holding well". .@POTUS on negotiations with Iran: "I don't care if they come back or not...
Dubai jewellers offer gift vouchers, gold deals, zero making charges during Akshaya Tritiya
Gold jewellers in Dubai have slashed making charges to zero per cent and are also offering up to 70 per cent off diamond value on precious metal ornaments on the eve of Akshaya Tritiya.The festival, which will be marked on April 19, is an auspicious day in the Hindu calendar believed to bring prosperity, success, and good fortune. It is considered one of the most favourable days to start new ventures, make investments, or purchase valuable assets such as gold and jewellery.In Dubai, 24K and 22K...
Dubai firm announces real estate auction service with real-time bidding
A Dubai-based property valuation platform has announced a real estate auction service, targeting sales timelines of around 30 days from listing to completion. YallaValue said the service is licensed by the Dubai Land Department (DLD), allowing sellers to auction their property for free, with an “optional marketing package available on a success-only basis”, meaning they only pay if the sale is completed.“We're launching next month, so no properties are formally listed yet - but the early seller...
Half of Australians Near Retirement Fear Running Out of Cash
MarketsHalf of Australians Near Retirement Fear Running Out of CashFacebookXLinkedInEmailLinkGiftFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Joe Flynn and Amy BainbridgeApril 13, 2026 at 1:36 AM UTCBookmarkSaveAlmost half of Australians approaching retirement fear running out of money and lack confidence managing their finances...
محاصره تنگه هرمز؛ فشاری که میتواند اقتصاد ایران را به زانو درآورد
محاصره دریایی تنگه هرمز توسط ایالات متحده میتواند روزانه حدود ۲۷۶ میلیون دلار از محل کاهش صادرات به اقتصاد ایران آسیب بزند و همزمان ۱۵۹ میلیون دلار در روز واردات را مختل کند؛ در مجموع، این به معنای ۴۳۵ میلیون دلار خسارت اقتصادی روزانه یا حدود ۱۳ میلیارد دلار در ماه است.
Oil prices surge past $103 a barrel after US announces blockade of Iran
Asian stocks fall as naval blockade threat injects new turmoil into financial markets.
Pistachio Prices Hit Eight-Year High on War in Major Grower Iran
MarketsPistachio Prices Hit Eight-Year High on War in Major Grower IranFacebookXLinkedInEmailLinkGiftFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Anuradha RaghuApril 13, 2026 at 1:30 AM UTCBookmarkSaveAfter upending global supply chains that move critical fuels and fertilizers, the war in Iran has pushed prices of a popular nut g...
Hong Kong increasingly seen as a safe haven in troubled world
When the unthinkable becomes normal, stability becomes the new premium – and Hong Kong is well positioned. The world we thought we understood even two years ago no longer exists. We are living through a period of disruption that, until recently, would have seemed unthinkable. Russia’s invasion of Ukraine and the US-Israel war against Iran are reshaping long-held assumptions about energy, security and alliances. Trade is being reordered through tariffs, industrial policy and geopolitics....
Crude oil shoots up 8% above $100 on peace talks deadlock, Trump naval blockade plans
The US oil benchmark rebounded above $100 a barrel on Monday after peace talks between the United States and Iran failed to make a breakthrough, and with US President Donald Trump ordering a blockade of Iranian ports. Shortly after trading began, a barrel of West Texas Intermediate for May delivery rose around 8% to $104.50, while June delivery of international benchmark Brent rose 7% to $102. In early trade in Asia, South Korea’s benchmark Kospi index fell 2%, before recovering slightly,...
Iran's parliament speaker says U.S. will be "nostalgic" for $4 gas as oil prices fuel inflation
Iranian parliament speaker Mohammad Bagher Qalibaf said Americans would soon be "nostalgic for $4-$5 gas" after President Trump announced a blockade of the Strait of Hormuz on Sunday. Taurean Small reports on the pain at the pump currently being felt across the United States.
South Korea includes foreign residents with ‘close ties’ to citizens in state relief plan
Some foreign residents in South Korea will be eligible for government cash handouts, ranging from 100,000 won (US$67) to 600,000 won, to be distributed later in April under a supplementary budget aimed at offsetting high fuel costs amid the prolonged Middle East conflict. Non-South Korean nationals were in principle excluded from the subsidy programme, but exceptions would be made for those deemed to have “close ties” to citizens, the Ministry of the Interior and Safety said on Sunday. Foreign.....
Lebanon PM says working to get Israeli troop withdrawal
BEIRUT, Lebanon: Lebanese Prime Minister Nawaf Salam said Sunday he was working to stop the Israel-Hezbollah war, even as Israeli premier Benjamin Netanyahu told troops in south Lebanon that the fight there was far from over. “We will continue to work to stop this war, to ensure the Israeli withdrawal from all our lands,” Salam said in a televised address. “We are continuing our efforts… to negotiate to stop the war,” he added, ahead of planned talks on Tuesday in W...