Aramco sees ‘catastrophic consequences’ for oil markets if Hormuz strait remains blocked

IRGC say they will not allow ‘one litre of oil’ to be shipped from the Middle East if ​US-Israeli attacks continue A satellite image shows smoke rising in the Ras Tanura oil refinery in Saudi Arabia after a drone attack, in Ras Tanura, Saudi Arabia, March 2 PHOTO: REUTERS Saudi Arabia’s Aramco, the world’s top oil … Read more

Saudi Aramco offers oil in rare tenders

[ State oil company attempting to re-route some of its crude exports through the Red Sea to avoid the Strait of Hormuz Trade barriers placed on foreign products are mistakenly considered a benefit by many politicians, when in fact they hurt their own citizens and economy and in turn make exports more difficult. Photo: file … Read more

Iraq PM tells US Rubio Iraqi airspace must not be used against neighbours

Within hours of the start of the war, fighter jets, missiles coming from every direction filled Iraq’s airspace Prime Minister Mohammed Shia al-Sudani. Iraq’s Prime Minister Mohammed Shia al-Sudani told US Secretary of State Marco Rubio on Tuesday that Iraq should not be used as a launch pad for attacks in the Middle East war. … Read more

Govt begins 5G spectrum auction with three telecom firms bidding

[ A woman looks at her mobile phone next to a 5G sign. Photo: Reuters ISLAMABAD: Pakistan has formally launched the auction of the 5G spectrum on Tuesday, with federal ministers and the Pakistan Telecommunication Authority (PTA) marking the start of the process at a ceremony in Islamabad. Finance Minister Muhammad Aurangzeb, Minister for Information … Read more