March 12, 2026 (Reuters) – Among European banks, HSBC and Standard Chartered face the greatest exposure to the ongoing conflict in the Middle East, according to a cautionary note from J.P. Morgan on Thursday. The advisory suggests that potential earnings pressure could result, even if outright credit losses remain limited. Earlier this week, the STOXX […]

The State Bank of Pakistan (SBP) has announced a temporary relaxation allowing crude oil and petroleum products to be imported on a Cost, Insurance and Freight (CIF) basis for a period of 60 days. The move is aimed at ensuring uninterrupted energy supplies amid ongoing volatility in global oil markets. In a circular issued to […]

In response to escalating geopolitical tensions in the Middle East, particularly the near‑halt of maritime traffic through the strategic Strait of Hormuz, **President Donald J. Trump has unveiled a controversial government‑backed shipping insurance and reinsurance initiative. The scheme aims to revive commercial transit through the chokepoint — through which roughly one‑fifth of the world’s oil […]