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The International Energy Agency reports that global oil demand and supply are rebounding from their May lows as Strait of Hormuz transit partially resumes, though renewed US-Iran hostilities cloud the outlook

Pakistan and Qatar lead urgent diplomatic mediation efforts to bring the US and Iran back to the negotiating table after retaliatory airstrikes threaten a fragile ceasefire, CNN reported.

Pakistan's short-term weekly inflation decreased by 0.45% due to a sharp plunge in tomato and petroleum prices, though the annual rate remains at 11.94%