Iran mocks US strikes as "Operation Epic Mistake", says Tehran "fully prepared", has "many surprises in store"

Mar 09, 2026

"9 days into Operation Epic Mistake, oil prices have doubled while all commodities are skyrocketing. We know the U.S. is plotting against our oil...

Global growth to continue at steady pace if oil price shock short-lived: Fitch

Mar 15, 2026

Global economic growth should be steady this year provided the current oil price shock is not prolonged, Fitch Ratings said in its latest March...

Pakistan increases tariff on power by Rs 1.72 per unit

May 22, 2021

Islamabad [Pakistan], May 22 : Already overburdened by inflation, increased oil prices, food items, Pakistanis were in for a shock when Federal Cabinet on...

Global commodity markets brace for potential 'Dual Shock' from Middle East conflict: World Bank

Oct 31, 2023

While the global economy is in a more resilient state than in the 1970s to manage a significant oil price shock, the compounding impacts...

RBI's policy battle amid oil shock, rupee pressure to be complex as many challenges ahead: Report

Mar 24, 2026

The Reserve Bank of India's (RBI) policy response to the ongoing energy price shock is likely to be challenging due to multiple trade-offs involving...

Pakistan's power authority NEPRA approves price hike of Rs 3.99 per unit

May 31, 2022

Islamabad [Pakistan], May 31 : While the Pakistani citizens were distressed by the hike in oil prices, in yet another shock, the National Electric...