Commodities
Oil Prices Fall Ahead of US Iran Sanctions Announcement
The price of oil fell ahead of an announcement from the US regarding new sanctions on Iran. The decline in oil prices comes as investors await the outcome of the US's decision on imposing fresh sanctions.
In related market news, some Pakistani stocks saw gains while others declined. CNERGY, a Pakistani energy company, rose by 9.55% to 14.45 PKR. On the other hand, TRG, another Pakistani stock, fell by 2.84% to 60.15 PKR.
Oil prices have been volatile in recent times due to geopolitical tensions and changes in global demand. The US's decision on Iran sanctions is likely to impact oil prices in the coming days.