Oil tumbles after Pakistan’s US-Iran breakthrough
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.
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Pakistan announces US-Iran peace deal after weeks of high-stakes mediation
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 Iran deal could come this weekend
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.
Pakistan manufacturing returns to growth as export orders hit 15-month high
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 ports see sharp container surge as Gulf disruption shifts cargo routes
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.
Iran prepares three-day farewell ceremonies and 24-hour funeral procession for Ali Khamenei
Iranian officials are preparing three days of farewell ceremonies and a 24-hour funeral procession for Ali Khamenei, with events expected in Tehran, Qom and Mashhad.
EU formally commends Pakistan’s Iran mediation as Kallas visits Islamabad
The EU formally commended Pakistan's Iran mediation, supported Pakistan's Kashmir position, called for action against Afghan terrorist groups and backed a two-state solution for Palestine in joint communiqué. Kallas met PM Shehbaz and Field Marshal Munir.
Iran’s president reportedly submitted a resignation letter. Here is what we know!
Iran International reports President Pezeshkian submitted a resignation letter citing IRGC takeover. Iran's presidency denies it. Khamenei is reportedly in seclusion. The US-Iran deal has not been signed. The Thursday Times reports what is known and what remains contested.
EU’s Kaja Kallas to visit Islamabad for talks with Pakistan’s top leadership
EU foreign policy chief Kaja Kallas visits Islamabad on 1 June 2026 for the 8th EU-Pakistan Strategic Dialogue, meeting Pakistan's top civilian and military leadership including Field Marshal Munir.
