Newsroom

Oil prices dropped after Shehbaz Sharif announced a US-Iran peace deal, as markets priced in lower risk around the Strait of Hormuz and wider regional supply disruption.

Shehbaz Sharif says the US and Iran have reached a peace deal, with a signing ceremony planned in Switzerland and mediators preparing talks this week.

Trump says US-Iran negotiations are going very well and a deal could come this weekend, while cautioning it might not happen. Talks back on track.

Per a new purchasing managers’ survey released by HBL and S&P, Pakistan’s manufacturing PMI rose to 50.9 in May, returning to expansion as new orders recovered and export orders posted their strongest rise since February 2025.

Pakistan’s major ports are seeing a sharp rise in container and transshipment activity as Gulf disruption redirects cargo towards Karachi, Port Qasim and Gwadar.