Oil prices remained firm on Thursday after Brent crude surpassed $100 per barrel amid fears of deeper supply disruptions. Market concerns intensified as Iran and the United States launched their largest attacks on shipping since the conflict began six months ago. Brent crude futures slipped 0.1% to $101.10 per barrel by 02:56 GMT, while US West Texas Intermediate crude gained 0.2% to $96.24. Traders remain focused on escalating geopolitical risks and potential disruptions to global energy supplies.

Asian shares rallied on Monday as a strong US jobs report boosted optimism over global economic growth while reducing expectations of aggressive interest rate hikes. Japan’s Nikkei surged 2%, South Korean shares gained 3%, and MSCI’s Asia-Pacific index rose 0.9%. Oil prices also edged higher amid escalating tensions in the Gulf, with Brent crude reaching $96.45 per barrel and US crude climbing to $91.85. Meanwhile, investors remain focused on US inflation data and the European Central Bank’s expected interest rate decision.

Pakistan’s cotton arrivals reached 1.696 million bales by August 31, 2026, with PCGA reporting 27.01% year-on-year growth. Improved weather and crop management supported arrivals, while the textile industry warned that hundreds of imported cotton containers remained stranded at ports due to fumigation delays. Sindh and Balochistan contributed 1.139 million bales, while Punjab recorded 557,000 bales. Sanghar led district-wise arrivals with 757,000 bales. Textile mills purchased 1.464 million bales, up 34%, as 332 ginning factories operated nationwide.