Photo: The United States Department of the Treasury building in Washington (file image)
NewsUS sanctions Indian and Turkish firms and individuals over alleged support for Iran
The US Treasury has imposed fresh sanctions on an India-based network accused of helping move Iranian oil and on a Turkish ground-services firm accused of aiding sanctioned Iranian airlines.
Photo: A refinery in Jubail, Saudi Arabia (file image)
Business & FinanceSaudi Aramco profit jumps 34.5% to $36.3 billion in third quarter despite attacks on its facilities
Saudi Aramco reported a 34.5 per cent rise in third-quarter net profit to $36.25 billion on Tuesday, helped by higher oil prices and a gain from selling its stake in a Malaysian refining venture, even as attacks on energy infrastructure continued during the Middle East war. Figures checked on Tuesday afternoon, 3 November 2026 (Pakistan time).
Photo: The Abu Dhabi skyline
Business & FinanceWorld has drained nearly 1 billion barrels from oil stocks since Iran war began, ADNOC chief warns at ADIPEC
Global oil inventories have fallen by nearly 1 billion barrels since the US-Israeli war on Iran disrupted shipping through the Strait of Hormuz, ADNOC chief Sultan Al Jaber said on Monday at the ADIPEC energy conference in Abu Dhabi, warning that the world has eroded its supply buffers.
Photo: An oil tanker at sea
Business & FinanceAsia's crude oil imports return to pre-war levels in October, but refined fuel supplies still lag, Kpler data shows
Asia imported 26.39 million barrels per day of crude oil in October, close to its pre-war average, but refined fuel imports remained 10 per cent below pre-war levels, according to Kpler data reported by Reuters. Figures checked on Monday morning, 2 November 2026 (Pakistan time).
Photo: Inside the Tokyo Stock Exchange
Business & FinanceAsian shares slip on Monday as AI investment worries linger after Wall Street sell-off
Asian share markets slipped on Monday as doubts about the scale and returns of artificial intelligence spending weighed on technology stocks, after a sharp Wall Street sell-off on Friday, while oil prices eased on hopes for progress in Qatar-led talks on the US-Iran confrontation.
Photo: An oil refinery
Business & FinanceOPEC+ formally keeps December oil targets steady at about 31 million barrels a day, leaving the hard 2027 call for 29 November
OPEC+ confirmed on Sunday that its seven core producers will hold December output targets at September levels — Saudi Arabia at 10.478 million barrels a day and Russia at 9.949 million — as war disruption keeps most members pumping below target and Brent crude trades above $117 a barrel.
Photo: The Doha skyline in Qatar
Business & FinanceQatar surges 4.6% as Gulf markets slide on fears of renewed US–Iran conflict
Gulf stock markets fell on Sunday as investors braced for possible renewed conflict between the United States and Iran after Tuesday’s US midterm elections, but Qatar’s benchmark bucked the trend with its sharpest intraday percentage gain in more than eight years.
Photo: An aerial view of the Strait of Hormuz
IranIran says Strait of Hormuz could reopen within two days under plan agreed with Qatari mediators, if US meets its conditions
Iran’s foreign minister says Tehran has reached a plan with Qatari mediators that could fully reopen the Strait of Hormuz within two days, provided the United States meets Iran’s conditions.
Photo: An oil tanker in the Persian Gulf
IranCENTCOM chief says Hormuz shipping routes cleared of sea mines as vessels transit freely
US Central Command chief Admiral Brad Cooper says the Strait of Hormuz's main recognised shipping routes are clear of Iranian sea mines and vessels are transiting freely, a claim Iran's Revolutionary Guard has challenged.
Photo: The Abqaiq oil processing facility in Saudi Arabia
Saudi ArabiaHouthis claim strikes on Saudi refineries at Ras Tanura, Rabigh and Abqaiq as four tankers burn in Hormuz
Yemen's Houthis say they struck Saudi energy sites including the Ras Tanura and Rabigh refineries and Abqaiq, as Iran reports four tankers ablaze in the Strait of Hormuz and Brent crude jumps to its highest close since April.
Photo: The Riyadh skyline in Saudi Arabia
Saudi ArabiaSaudi Arabia introduces same-day visa processing for Pakistani citizens as energy ties deepen
Saudi Arabia's embassy in Islamabad has introduced same-day processing of visa applications for Pakistani citizens, announced by Ambassador Dr Rajeh bin Tami Al-Baqami during talks on oil storage, refinery and minerals cooperation.
Photo: A pumpjack operating at an oil well
USATrump’s “biggest oil deal in history” faces hard questions as Venezuela output lags its promises
President Donald Trump hailed a 17-field Venezuelan oil deal as the biggest in history, but Reuters reporting finds only a fraction of the reserves can realistically be developed in the contract term, and the little-known firm behind it is racing to lift output from about 224,000 barrels a day.