Trump brags of ‘massive’ oil deal in Pakistan – but drilling has not found any

The GuardianSaturday, September 27, 2025 at 11:00:42 AM
Trump brags of ‘massive’ oil deal in Pakistan – but drilling has not found any
Donald Trump's recent announcement of a 'massive' oil deal in Pakistan has raised eyebrows among experts and former officials, who point out that there are no indications of untapped oil reserves in the region. This meeting with Pakistan's Prime Minister Shehbaz Sharif and Army Chief Asim Munir marks a significant shift in US-Pakistan relations, but the lack of substance behind the oil deal casts doubt on its viability. It matters because it highlights the complexities of international diplomacy and the challenges of fostering genuine partnerships.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
South Korea cannot pay $350 billion to US for tariff deal as Trump suggests, top aide says
NegativeFinancial Markets
South Korea's top aide has stated that the country cannot afford to pay $350 billion to the United States for a tariff deal, as suggested by former President Trump. This statement highlights the ongoing tensions between the two nations regarding trade agreements and raises concerns about the economic implications for South Korea. The inability to meet such a financial demand could strain diplomatic relations and impact future negotiations.
South Korea cannot pay $350 billion to US for tariff deal as Trump suggests, top aide says
NegativeFinancial Markets
South Korea's top aide has stated that the country cannot afford to pay $350 billion to the United States for a tariff deal, as suggested by former President Trump. This statement highlights the ongoing tensions between the two nations regarding trade agreements and raises concerns about the economic implications for South Korea. The inability to meet such a financial demand could strain diplomatic relations and impact future negotiations.
Mexico’s Nearshoring Boom Faces Trade Risks
NegativeFinancial Markets
Mexico's nearshoring boom is facing significant trade risks as US companies shift production from China to Mexico. While this move was initially seen as a positive trend for North American manufacturing, recent tariffs imposed by President Donald Trump are complicating matters. These tariffs are particularly affecting Canadian auto parts suppliers, highlighting the fragility of the new supply chain dynamics. This situation is crucial as it could reshape the future of manufacturing in North America and impact economic relationships across the region.
Mexico’s Nearshoring Boom Faces Trade Risks
NegativeFinancial Markets
Mexico's nearshoring boom is facing significant trade risks as US companies shift production from China to Mexico. While this move was initially seen as a positive trend for North American manufacturing, recent tariffs imposed by President Donald Trump are complicating matters. These tariffs are particularly affecting Canadian auto parts suppliers, highlighting the fragility of the new supply chain dynamics. This situation is crucial as it could reshape the future of manufacturing in North America and impact economic relationships across the region.
Trump’s attack on George Soros is the next step in the autocrat’s handbook | Kenneth Roth
NegativeFinancial Markets
In a troubling development, Donald Trump has intensified his attacks on George Soros, suggesting that prosecutors should pursue personal vendettas rather than adhere to the facts. This shift raises concerns about the integrity of the justice system and the potential for political motivations to influence legal actions. As Trump targets not just Soros but also judges and media, it highlights a dangerous trend where personal grievances could undermine democratic institutions.
Trump’s attack on George Soros is the next step in the autocrat’s handbook | Kenneth Roth
NegativeFinancial Markets
In a troubling development, Donald Trump has intensified his attacks on George Soros, suggesting that prosecutors should pursue personal vendettas rather than adhere to the facts. This shift raises concerns about the integrity of the justice system and the potential for political motivations to influence legal actions. As Trump targets not just Soros but also judges and media, it highlights a dangerous trend where personal grievances could undermine democratic institutions.
US shutdown a modest drag but fresh blow to credibility
NegativeFinancial Markets
The recent US government shutdown is seen as a modest setback for the economy, but it raises serious concerns about the credibility of lawmakers. This situation not only disrupts federal services but also undermines public trust in government efficiency. As Congress struggles to reach a consensus, the implications for economic stability and governance are significant, making it a critical issue for citizens and businesses alike.
US shutdown a modest drag but fresh blow to credibility
NegativeFinancial Markets
The recent US government shutdown is seen as a modest setback for the economy, but it raises serious concerns about the credibility of lawmakers. This situation not only disrupts federal services but also undermines public trust in government efficiency. As Congress struggles to reach a consensus, the implications for economic stability and governance are significant, making it a critical issue for citizens and businesses alike.
Stellantis to recall over 123,000 U.S. vehicles over risk of detached trim pieces
NegativeFinancial Markets
Stellantis has announced a recall of over 123,000 vehicles in the U.S. due to a potential safety risk involving detached trim pieces. This recall is significant as it highlights ongoing concerns about vehicle safety and the responsibility of manufacturers to ensure their products meet safety standards. Affected owners will need to bring their vehicles in for inspection and necessary repairs, emphasizing the importance of consumer awareness and proactive measures in automotive safety.
Stellantis to recall over 123,000 U.S. vehicles over risk of detached trim pieces
NegativeFinancial Markets
Stellantis has announced a recall of over 123,000 vehicles in the U.S. due to a potential safety risk involving detached trim pieces. This recall is significant as it highlights ongoing concerns about vehicle safety and the responsibility of manufacturers to ensure their products meet safety standards. Affected owners will need to bring their vehicles in for inspection and necessary repairs, emphasizing the importance of consumer awareness and proactive measures in automotive safety.
Singapore May be Shielded from US Pharma Tariffs, Gan Says
PositiveFinancial Markets
Deputy Prime Minister Gan Kim Yong has indicated that Singapore's drugmakers may not face immediate repercussions from the recent US pharma tariffs. This is significant as it suggests that the local pharmaceutical industry could remain stable while the government engages in discussions with Washington for further clarity on the new levies. Such proactive measures could help safeguard Singapore's economy and maintain its position as a key player in the global pharmaceutical market.
Singapore May be Shielded from US Pharma Tariffs, Gan Says
PositiveFinancial Markets
Deputy Prime Minister Gan Kim Yong has indicated that Singapore's drugmakers may not face immediate repercussions from the recent US pharma tariffs. This is significant as it suggests that the local pharmaceutical industry could remain stable while the government engages in discussions with Washington for further clarity on the new levies. Such proactive measures could help safeguard Singapore's economy and maintain its position as a key player in the global pharmaceutical market.
Latest from Financial Markets
Walmart makes a surprising move into the sports world
PositiveFinancial Markets
Walmart's recent decision to invest in a major global sports league is a surprising yet exciting move that could reshape its brand image and attract a new customer base. This strategic shift not only highlights Walmart's commitment to diversifying its business but also reflects the growing intersection between retail and sports entertainment, making it a noteworthy development in both industries.
Crime, retail theft, and shoplifting force stores to close
NegativeFinancial Markets
The recent surge in crime, particularly retail theft and shoplifting, has led major retailers like Target and Walgreens to close some of their stores. This trend is particularly concerning for local operators who may be facing even greater challenges. The closures not only impact the businesses themselves but also the communities that rely on them for jobs and services, highlighting a growing issue that needs urgent attention.
South Korea cannot pay $350 billion to US for tariff deal as Trump suggests, top aide says
NegativeFinancial Markets
South Korea's top aide has stated that the country cannot afford to pay $350 billion to the United States for a tariff deal, as suggested by former President Trump. This statement highlights the ongoing tensions between the two nations regarding trade agreements and raises concerns about the economic implications for South Korea. The inability to meet such a financial demand could strain diplomatic relations and impact future negotiations.
Is America’s Aviation Security Just Another Maginot Line?
NegativeFinancial Markets
The article raises concerns about the effectiveness of America's aviation security, suggesting it is outdated and primarily focused on hijackings rather than addressing evolving terrorist threats. This matters because it highlights potential vulnerabilities in a system that is crucial for public safety and national security, prompting a need for a comprehensive reassessment of security measures.
ECB Tools Can’t Fix Europe’s Fiscal Problems, Sleijpen Tells FD
NegativeFinancial Markets
Olaf Sleijpen, a member of the European Central Bank's Governing Council, has warned that European politicians should not depend on the ECB's emergency tools to address their fiscal challenges. This statement highlights the ongoing struggle within Europe to manage economic stability and suggests that relying on central bank measures may not be a sustainable solution. It matters because it raises questions about the effectiveness of current fiscal policies and the need for more robust economic strategies.
Starbucks changes put the focus back on its customers
PositiveFinancial Markets
Starbucks is making significant changes to regain customer loyalty by addressing past mistakes. This shift is crucial as it reflects the company's commitment to putting customers first, which could enhance their overall experience and strengthen brand loyalty in a competitive market.