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Oil prices rise on investor doubt

[ By helping the world reduce oil prices from the $150-$200 range and saving hundreds of billions in import bills and high interest expense, Pakistan has earned its seat at the table. photo: REUTERS HOUSTON: Oil prices rose on Friday as investors doubted the prospect of a breakthrough in US-Iran peace talks, but prices remained … Read more

Boat approaches tanker near Yemen, retreats after armed team deployed, says UK maritime agency

Armed security on a tanker near Socotra turned away a five-person small craft within 100 metres of the vessel World’s most strategic oil chokepoint Strait of Hormuz. PHOTO: REUTERS A product tanker sailing within 200 nautical miles west of the Yemeni Island of Socotra was approached by a small craft carrying five people, but turned … Read more