European banking giants HSBC and Standard Chartered face the highest financial risk from recent Middle East conflicts, potentially putting significant pressure on their profitability, J.P. Morgan has warned. The broader European banking sector has already felt the impact. The STOXX 600 Banks Index reached a three-month low at the start of this week, down approximately […]

The State Bank of Pakistan (SBP) has announced a temporary allowance for the import of crude oil and petroleum products on a Cost, Insurance and Freight (CIF) basis. This measure, effective for a period of 60 days, is aimed at ensuring the timely supply of energy amid ongoing global oil market volatility. According to a […]

A recent report has highlighted significant challenges confronting former US President Donald Trump’s proposed government-backed initiative to provide insurance for vessels navigating the strategic Strait of Hormuz. The programme, designed to safeguard oil shipments from conflict-related disruptions, aimed to stabilise global energy supply and protect international markets from potential volatility. According to sources, the plan […]