Pakistan

Polling held peacefully Strong voter turnout recorded

Over 20 sustain injuries as armed members of banned JAAC open fire on security personnel

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IRGC confirms strikes as warning over airstrikes in Lebanon

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People save only Rs6 out of every Rs100 earned; PIDE urges national savings drive

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Says matter should be resolved through talks

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Party preparing to expand its organisational and electoral footprint in Punjab provincial capital

Opec+ agreed on Sunday on a fourth increase in its oil output targets in as many months, even though the US war with Iran is still preventing several of the group’s members from pumping more. The war has cut oil flows via the Strait of Hormuz, creating the world’s biggest-ever supply crisis as key Opec+ members, including Saudi Arabia, have been unable to supply customers in full since the end of February. The crisis for Opec+ deepened when the United Arab Emirates left the Organisation of the Petroleum Exporting Countries (Opec) after almost 60 years. Seven core members of Opec+, which groups Opec and allied producers including Russia, have increased their output quotas from April to June by almost 600,000 barrels per day. Impact of production target increase In reality, the group’s production has collapsed due to export cuts by Gulf members, averaging 33.19 million barrels per day in April compared with 42.77m in February, according to Opec figures. On Sunday, the seven members decided to increase targets b...

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