Markets
KSE-100 crosses 170,000 on hopes of easing US-Iran tensions
The KSE-100 gained 2,567 points to 170,586 by 1.19pm on Wednesday, as the US midterm result and Qatar's mediation lifted hopes of easing Iran war tensions.
Oil prices
Oil prices: 26 The Indus Compass stories. Latest: KSE-100 crosses 170,000 on hopes of easing US-Iran tensions. Key developments, background and analysis.
26 stories on oil prices since 27 September 2026; the latest was published on 4 November 2026.
Key developments
- KSE-100 crosses 170,000 on hopes of easing US-Iran tensionsThe KSE-100 index traded at 170,585.81 at 1.19pm on Wednesday, up 2,566.95 points, or 1.53 per cent, from the previous close of 168,018.86.
- Trump says no immediate plans to strike Iran; oil edges up to $104Trump told the Financial Times on Tuesday that the US has no immediate plans to strike Iran: 'We're locked and loaded if we need to go, but there may be no reason for it.'
- Three oil tankers hit mines in Hormuz after leaving Iran's lanes, IRGC saysIran's Revolutionary Guards Navy says three oil tankers struck mines and caught fire in the Strait of Hormuz on Tuesday.
- Brent near $117 as tanker is hit in Hormuz, oil set for fourth monthly gainBrent crude futures rose $2.27, or 1.98 per cent, to $117.15 a barrel and were heading for a 13 per cent gain in October, a fourth straight monthly rise.
- Oil prices fall as US-Iran peace efforts ease supply fearsBrent crude futures fell about 1 per cent to $114.81 a barrel early on Tuesday and US crude to $100.88, on hopes of a settlement of the US-Israeli war on Iran.
Middle East
Trump says no immediate plans to strike Iran; oil edges up to $104
Trump told the FT the US has no immediate plans to strike Iran but is 'locked and loaded'; Brent rose to $104.42 as Iran says a deal is far off.
Middle East
Three oil tankers hit mines in Hormuz after leaving Iran's lanes, IRGC says
Iran's Revolutionary Guards Navy says three tankers hit mines in the Strait of Hormuz after using unauthorised lanes; there is no independent confirmation.
Energy
Brent near $117 as tanker is hit in Hormuz, oil set for fourth monthly gain
Brent rose to about $117, set for a 13pc monthly gain, after a tanker in the Strait of Hormuz was hit by explosives; traders fear escalation after the midterms.
Energy
Oil prices fall as US-Iran peace efforts ease supply fears
Brent fell on hopes of a US-Iran settlement and talks in Tehran, but Houthi attacks on Saudi Arabia kept crude near six-month highs, Reuters reports.
Economy
IMF sees region including Pakistan shrinking 1.3pc this year due to Iran war
The IMF expects output in the Middle East, North Africa and Pakistan region to contract 1.3pc in 2026 because of the Iran war, then rebound 6.6pc in 2027.
Markets
Oil climbs above $110 after US orders staff out of Saudi Arabia
Brent rose $1.29 to $110.11 after the US ordered some diplomats out of Saudi Arabia, as Houthi strikes hit a Dammam airport and a Saudi oilfield.
Markets
Brent crude holds near five-month high on Houthi attacks
Brent crude rose to about $110 a barrel, near a five-month high, on Houthi attacks on Saudi targets, while the PSX edged up on buying in oil, cement and banks.
Middle East
Trump rules out nuclear weapons against Iran, says war will end soon
Trump said the US would not use nuclear weapons on Iran and the 'mother of all bombs' is conventional, but warned it 'may have to go' after Pickaxe Mountain.
Energy
Oil heads for weekly gain; Hormuz flows fall to 68pc of normal
Brent eased to $105.21 but was set for a weekly gain as Iranian attacks cut Hormuz oil flows to 68pc of normal. The IEA agreed to release 20m barrels of diesel.
Middle East
Two ships sink near Hormuz after projectile strikes
A container ship and a bulk carrier sank near the Strait of Hormuz after being hit, as CNN reported US plans that could use the 'mother of all bombs' on Iran.
Middle East
Iran steps up Hormuz ship attacks to keep oil prices high, officials say
Iranian officials told Reuters Tehran had changed tactics to target more ships in and beyond Hormuz before the US vote, as Brent crude rose to $106.32.
Markets
KP emergency drags the PSX down 1,965 points
The KSE-100 index fell 1,964.87 points, or 1.18pc, to 165,124 as governor's rule in KP and Houthi attacks on Saudi Arabia kept investors on edge.