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Oil prices rise, Asia stocks drift amid US-Iran stalemate

SINGAPORE: Oil prices rose on Tuesday as negotiations between the US and Iran over a peace deal and the reopening of the Strait of Hormuz hit an impasse, while Asian shares drifted on protracted uncertainty over the global inflation outlook. US President Donald Trump on Monday responded to Iran’s conditions for a peace deal with his own demands that Iran pay compensation for people killed in…

Oil prices rise, Asia stocks drift amid US-Iran stalemate

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SBP warns of price spirals

SBP warns of price spirals

KARACHI: Evolving geopolitical developments in the Middle East could push up global energy and other commodity prices beyond assumed levels, thereby affecting the macroeconomic outlook, warned the…

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