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Oil Prices Tumble on Expectations of 1.5 Million Barrels of Iranian Supply

Global oil prices fell sharply after US-Iran talks in Switzerland eased concerns over supply disruptions. Iran secured waivers for oil and petrochemical exports, potentially bringing 1.5 million barrels per day back to global markets. Brent crude dropped below $79 per barrel, while expectations of higher output from Iran and Iraq increased pressure on prices, raising hopes of lower fuel costs worldwide.

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Global Affairs

Pakistan, Türkiye Strengthen Maritime and Transport Partnership

Pakistan and Türkiye have agreed to expand cooperation in the maritime and transport sectors during a meeting in Istanbul between Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry and Türkiye’s Minister of Transport and Infrastructure Abdulkadir Uraloğlu. Stronger economic connectivity, modern infrastructure development, and sustainable growth were emphasized, while bilateral collaboration in shipping, ports, and transport was reaffirmed to boost trade and regional economic integration.

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China Introduces Broad National Security Framework for Investments

China has tightened oversight of overseas investments by enforcing new national security regulations from Wednesday. The framework gives authorities broader powers to review capital flows, technology transfers, and cross-border personnel movements that could affect national security. While the measures are aimed at safeguarding strategic interests amid growing US-China tech rivalry, concerns have been raised that access to global markets by Chinese technology firms could be restricted.

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Russia Starts Petrol Imports from India as Fuel Supply Strategy Expands

Russia has started importing petrol by sea from India as it seeks to strengthen fuel supplies. At least 60,000 metric tons of petrol have already been dispatched, while imports totaling 400,000 metric tons per month are planned from multiple countries, including Belarus. The Kremlin said discussions were being held with partner nations to secure fuel at acceptable prices. The move is expected to diversify Russia’s fuel supply network.

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