World Business NewsIndia raises gold and silver tariffs to 15% to curb imports, support rupee
Higher import duties may weaken gold demand in India, though industry warns the move could trigger a rise in smuggling
May 13, 2026
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World Business News
HeadlinesPakistan, Iraq strike Iran-backed energy transit deals as Hormuz control tightens
Sources say Tehran is shifting from blocking to managing Strait of Hormuz flows as LNG and oil shipments resume under controlled access arrangements.
May 12, 2026
HeadlinesSecond Qatari LNG tanker crosses Hormuz as Pakistan supply corridor operates on case-by-case basis
Second Qatari LNG tanker crosses Hormuz as Pakistan supply corridor operates on case-by-case basis
May 12, 2026
HeadlinesPakistan eyes higher Russian oil imports as Hormuz crisis spurs supply diversification
Envoy says Islamabad expects oil and gas supplies from Russia while negotiations continue on the Pakistan Stream pipeline project.
May 12, 2026
World Business NewsStocks fall as AI rally fizzles and Middle East ceasefire goes on ‘life support’
Chip stock rally cools, Asian and European markets decline, KOSPI drops 3.5%
May 12, 2026
World Business NewsOil rises 2% as fading hopes of quick end to Iran war reignite supply worries
Brent crude futures rise $2, or 1.9%, to $106.21, US WTI gains $2.31, or 2.4%, to $100.38
May 12, 2026
World Business NewsWorld markets feel the strain as US–Iran war grinds on
Asia FX, including the yen under pressure; Food prices face another shock after the Russia-Ukraine conflict; Analysts watching gasoline prices; US Treasury yields also in focus
May 12, 2026
World Business NewsAhead of Trump’s visit, US imposes new sanctions over Iran oil shipments to China
Three people, nine companies hit with new sanctions; Four firms based in Hong Kong, four in UAE
May 12, 2026
World Business NewsUS to loan 53.3 million barrels of oil from Strategic Petroleum Reserve
Exxon Mobil, Trafigura and Marathon Petroleum were among nine companies that borrowed around 58% of the 92.5 million barrels offered last month from the US Strategic Petroleum Reserve
May 12, 2026
World Business NewsGold falls on oil-driven inflation worries as US–Iran peace talks falter
Spot gold falls 0.8% to $4,676.02 per ounce, US gold futures lose 1% to $4,684.50; silver rises 0.3% to $80.57 and platinum and palladium decline 1.3% and 1.2%, respectively
May 11, 2026
World Business NewsEuropean shares tepid as markets weigh US-Iran deadlock
STOXX 600 trades flat at 611.68 points as defence stocks slide up to 9.2%, with Rheinmetall, Hensoldt, Rolls-Royce and BAE Systems falling, while luxury shares including Burberry, LVMH and Hermes also decline
May 11, 2026
World Business NewsOil rises 4% after Trump rejects Iran's response to US peace proposal
Brent futures climb $4.04 or 3.99% to $105.33, US WTI rises $4.43, or 4.64% to $99.85 a barrel as Trump calls Iran's response to US peace proposal 'unacceptable'
May 11, 2026