iran’s

Oil climbs after Iran’s president dies, Saudi king’s health issue

Oil prices rose following political uncertainty in major oil-producing countries. This was caused by the death of Iran's president in a helicopter crash and Saudi Arabia's king's health issues, which led to the cancellation of a diplomatic trip. Brent reached $84.39 a barrel, and WTI stood at $80.29, the highest in weeks. OPEC+ is set to meet on June 1.

Iran’s President Raisi reaches Karachi

Iran's President Raisi arrived in Karachi on the second day of his three-day visit to Pakistan, marking the first visit by a foreign head of state since the new government took power. Majors roads in Karachi were closed for security measures, and Raisi visited Allama Iqbal's mausoleum while emphasizing a special connection with the Pakistani people. Eight accords were signed to enhance cooperation between Pakistan and Iran.