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Polling Underway in Skardu By-election Amid Tight Security Israeli ministers propose mass removal of Palestinians from Gaza Nepra hikes electricity costs by Rs2.58 per unit Oil prices slide but set for weekly gain amid US-Iran conflict US and Allies Press IAEA to Report Iran to UNSC Power Division Introduces Reforms to Detection Billing System BESS Mandatory for Solar and Wind Projects in Pakistan Government Introduces Rule to Save Rs380 Million Annually Sindh Minister Reviews Plans to Expand Public Transport Services Finance Minister Announces Plans for Dollar-Settled Bonds Troy Parrott scores first goal as Real Betis beat Real Madrid US Consul General Strengthens Ties with Business Leaders in Hyderabad Sindh Planning Board Reviews KWSIP Progress Punjab Directs Digitalisation of Horticulture Revenue Collection Punjab sets new benchmarks in wildlife conservation PM Urges Strong, Effective UN in Promoting Global Peace and Security PIBF launches nationwide campaign against petroleum levy PAEC and PSO Sign Agreement for Efficient Fuel Supply Australian Housing Prices Decline, Sydney Leads the Fall US envoy plan to end Ukraine war announced Polling Underway in Skardu By-election Amid Tight Security Israeli ministers propose mass removal of Palestinians from Gaza Nepra hikes electricity costs by Rs2.58 per unit Oil prices slide but set for weekly gain amid US-Iran conflict US and Allies Press IAEA to Report Iran to UNSC Power Division Introduces Reforms to Detection Billing System BESS Mandatory for Solar and Wind Projects in Pakistan Government Introduces Rule to Save Rs380 Million Annually Sindh Minister Reviews Plans to Expand Public Transport Services Finance Minister Announces Plans for Dollar-Settled Bonds Troy Parrott scores first goal as Real Betis beat Real Madrid US Consul General Strengthens Ties with Business Leaders in Hyderabad Sindh Planning Board Reviews KWSIP Progress Punjab Directs Digitalisation of Horticulture Revenue Collection Punjab sets new benchmarks in wildlife conservation PM Urges Strong, Effective UN in Promoting Global Peace and Security PIBF launches nationwide campaign against petroleum levy PAEC and PSO Sign Agreement for Efficient Fuel Supply Australian Housing Prices Decline, Sydney Leads the Fall US envoy plan to end Ukraine war announced

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Oil prices surge amid Middle East tensions

US strikes on Iranian targets increase tension in the Middle East, boosting oil prices.

Sun News News Desk · Published 15 Jul 2026, 10:01 am

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US launches fresh strikes on Iranian-linked targets, keeping Hormuz Strait closed and raising global oil market concerns.