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Tue. Jun 24th, 2025
Trending News: CB issues notice on CSS exemption plea22th wave of attack on Israel taught a lesson to enemyWhat impact can closing Strait of Hormuz have on international trade?Jamshoro district council presents tax-free budgetIranians united around flag during Israeli aggressionTurkiye looks for jointventures in IT, tourismCM terms opposition’s uproar ‘misconduct’Iran self-defense had nothing to do with friendly neighbourMinistry asks for delay in tariff relief for KarachiTremors cause panic at Malir Jail, security tightenedJoy of Tehraners after Iran attack on US baseDouble-digit fuelinflation loomsPM discusses Middle East situation with Saudi, Qatari envoysIran rejects firing missiles on IsraelStocks slump in panic sellingLegendary guitarist of Bad Company dies aged 81, cause of death revealedUS House of Reps bans WhatsApp over security concernsPindi braces for monsoon floodingIran’s SNSC Confirms Halt in Fighting, Report of New Missile Attack on Israel Denied – Politics newsRupee continues to weaken, slips 17 paisaIShowSpeed beats Daniel LaBelle twice in 40 meter race, hits 41 million subscribers soon afterT-Mobile to launch Starlink-powered satellite service in JulySaiful Malook turns into living fairytale amid light rainsHytale cancelled: Riot Games announce layoffs as Hytale gets cancelled after 7 years of developmentUS and Israeli attack on Iran violates international lawPSX surges 5.58% as market rallies after Iran-Israel ceasefireInfluencer Ashton Hall flees alleged confrontation with Mo Deen then escapes on bike in WestfieldsGalaxy Unpacked 2025: Samsung expected to share first-look at Galaxy Fold 7 and Flip phonesGovt eases curbs on big-ticket purchasesCritics hail game as ‘Best of the Year’ as Hideo Kojima’s game becomes early GOTY candidateComparing the Israeli Market to the Global EconomyIran urges intl. community to react to Israel aggressionOil falls nearly 4% as Iran retaliatesFans demand sequel of Netflix’s animated K-pop film after cliffhanger endingPMD forecasts first monsoon showers tomorrowGroup of Friends in of UN Charter Defense slams US attackBISP, Karachi Chamber to boost skill developmentAmber Heard returns to acting with ‘Spirit of the People’ years after Johnny Depp trialPakistani duo advance to knockouts at Asian Squash Championship6 Mossad spies detained in Iran’s HamadanPakistan, Uzbekistan eye $2b trade goalLove Island USA’s golf influencer bombshell shocks viewersHow much is Boston Celtics saving by going for Anfernee Simons? Find outPM speaks with Qatar, Saudi envoysPlease do not violate ceasefireRefineries warn of ‘catastrophic effect’Iran’s FM Araghchi says no ‘ceasefire’ agreedNSC backs diplomacy over war in regionNATO Agrees to Higher Defense Spending Goal, Spain Says It Is Opting Out – Other Media newsRs28.8tr debt spending bill tabledExperts urge safe meat preservationIran, Israel ceasefire entered implementation phase: sourcesIRGC launches missile attack on Israel before ceasefireIran, Israel ceasefire entered implementation phase: sourcePPP leaders’ bail extended till July 12President Lee Picks South Korea’s First Civilian Defense Chief in 64 Years – Other Media newsK-P govt employees protest for pay, perksIran Warns of Repercussions of Silence on US AttacksEx-education CEO handed over to policeShooter Killed by Staffers at Michigan Church, Police Say – Other Media newsIslamabad bar slams attack on IranSenate Republicans Cannot Force US Postal Service to Scrap EVs, Parliamentarian Says – Other Media newsAnti-Israeli Hacker Group Disables Key Israeli Military Contractor in Targeted Cyberattack – World newsIran Launches Multiwarhead Kheibar Missiles at Israeli Regime – Politics newsIran’s Missile Campaign Exposes Collapse of Israel’s Civil Defense Infrastructure – World newsTrump, US Senate Republicans Face Test As ‘Big Beautiful Bill’ Deadline Looms – Other Media newsBeijing Issues Weather Warning for Hottest Days of Year – Other Media newsRomania’s New Coalition Faces Confidence Vote, Hoping to End Long Deadlock – Other Media newsFM thanks armed forces for punishing Israel till last minuteFM Lauds Russia for Condemnation of Attacks on Iran – Politics newsIran comments on ceasefire reports with Israeli regimeInformed source rejects Trump’s ceasefire claimIran into 2025 World Deaf Futsal Championships Semis – Sports newsIsrael Strikes Iran Handball Headquarters – Sports newsIsraeli Hermes drone shot down in TehranPiazza Names Iran Squad for Serbia Match: 2025 VNL – Sports newsIran Wants US to Pay for Its Aggression Directly, Official Tells CNN – World newsUS to receive more crushing response if renews aggressionLiar Trump speaks of ceasefire between Iran, Israeli regimeIranian Missiles Hit US Base in QatarMehr News Agency – Funeral of martyrs of Israeli aggression against IranIran has decided to punish aggressor with all mightIranian Foreign Minister in Turkmenistan for talksTrump reacts to Iran attack on US base in QatarVIDEO: Ahvaz people joyful after IRGC attacked US baseOil prices fall 5% after Iran strikes US basesMuslim Council of Britain condemns Israeli strikes on IranNo casualties as Iran gave warning before strike: Trump90% of Israeli strikes hit residential sites in TehranE. coli can turn plastic into painkillers, chemists discoverMissiles fired at Al Udeid proportionate to US bombsVIDEOS: Iranian nation ready to fight Israel with all mightWorld’s largest camera captures first images at Vera Rubin ObservatoryG-B presents Rs148.63b budget for FY2025-26IRGC says six missiles hit US Al Udeid Air Base in QatarNumber of Missiles Launched at US Base Equal to Number of Bombs Used against Iran Nuclear SitesIran denies nuclear allegation, blasts US, Israel over attackPIA suspends flights to four Gulf countries amid rising regional conflictIran wants US to pay for its aggression directlyQatar reacts to Iran’s missile attack on US Al Udeid Air Base
Tue. Jun 24th, 2025

Oil falls nearly 4% as Iran retaliates



HOUSTON:

Oil prices slipped more than $3, or 4%, on Monday after Iran attacked the US military base in Qatar in retaliation for US attacks on its nuclear facilities, and took no action to disrupt oil and gas tanker traffic through the Strait of Hormuz.

Brent crude futures were down $2.91, or 3.8%, at $74.09 a barrel by 1713GMT. US West Texas Intermediate crude (WTI) eased $2.8, or 3.8%, to $71.06.

US President Donald Trump said he had “obliterated” Iran’s main nuclear sites in strikes over the weekend. Israel also carried out fresh strikes against Iran on Monday.

At least two supertankers made U-turns near the Strait of Hormuz following US military strikes on Iran, ship tracking data shows.

About a fifth of the global oil supply flows through the strait. However, the risk of a complete shutdown is low, analysts have said. A telegraphed attack on a well-defended US base could be a first step in reducing tensions, provided there are no US casualties, Energy Aspects said in a post.



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