More rain is coming

Rising oil prices are becoming a global emergency, and the blame lies squarely on the actions of the United States, Israel, and their Gulf allies for initiating this ugly war. Crude oil prices are rising fast, and ordinary people everywhere will pay the price. This week, global oil benchmarks jumped to their highest levels in nearly two months. Some cargoes are now trading close to one hundred ten dollars a barrel. Dated Brent, the price used for most of the world’s oil, touched one hundred five dollars and seventy cents on Thursday. This is not a small change. When oil becomes expensive, everything else becomes expensive too. Transport costs rise. Food prices rise. Electricity bills rise. Factories pay more to run machines. Poor countries suffer the most because they cannot absorb these shocks. Rich countries feel the pain too, but developing nations face hunger, inflation, and unemployment on a much larger scale. The real question people should ask is simple. Why is this happening now. The answer points directly at the ongoing confrontation between the United States, Israel, and Iran. Tensions between these sides have pushed the region toward war. Gulf partners aligned with Washington have allowed this dangerous situation to continue instead of pushing for peace. Their silence and their support for aggressive policies have made the crisis worse. The world cannot afford this. The Strait of Hormuz is one of the most important routes for oil shipments. Roughly one fifth of the world’s oil passes through this narrow waterway. Threats to this route create fear across markets, and fear pushes prices higher even before real disruption happens. Kazakhstan’s export terminal on the Black Sea was also hit by drone attacks, cutting the country’s oil output nearly in half. This shows how connected today’s conflicts have become. War in one region shakes markets everywhere. The solution is not complicated. The fighting must stop. The Strait of Hormuz must remain open and safe for all shipping. Iran has suffered heavy losses from sanctions and military pressure, and fair compensation should be part of any lasting settlement. World leaders often speak about protecting the global economy. Now is the time to prove it. The United States, Israel, and their Gulf partners hold real power to de-escalate this crisis. They must choose diplomacy over confrontation, before ordinary families across the world are forced to pay for a war they did not start.

Pakistan and China are entering a new phase of the China-Pakistan Economic Corridor, known as CPEC 2.0. This time, the focus is shifting from big government-funded projects to stronger business-to-business ties. This change is a smart and necessary move, but only if Pakistan can actually deliver on it. For years, CPEC meant huge Chinese loans for roads, power plants and infrastructure. Nearly 30 billion dollars went into these projects. They helped fix Pakistan’s energy crisis, but they also added heavy debt. Now, China wants a different kind of partnership, one based on trade, manufacturing and private companies working together instead of government-to-government deals. This shift makes sense. Federal Minister Ahsan Iqbal rightly pointed out that Pakistan’s biggest problem is not a lack of ideas but a lack of exports. China buys goods worth 2.6 trillion dollars every year from around the world, yet Pakistan sells it barely 3 billion dollars worth of products. That gap shows how much room there is to grow, if Pakistan gets its act together. The plan to focus on manufacturing, agriculture, robotics and automation is encouraging. Bringing in small and medium businesses from both countries could create real jobs and real growth, not just concrete and steel. This is the direction Pakistan should have taken years ago. But good intentions are not enough. Pakistan has often struggled to make its industries competitive enough to compete internationally. Poor production standards, red tape and inconsistent policies have held back exporters for decades. Simply announcing a new phase of cooperation will not fix these problems overnight. China, too, seems more cautious this time. It has not yet committed to financing the long-delayed ML-1 railway project, a sign that Beijing wants to see business results before pouring in more money. CPEC 2.0 offers Pakistan a real chance to fix its economy through trade and industry rather than loans. But turning this vision into results will require discipline, consistency and follow-through, qualities that have often been missing in Pakistan’s economic planning.

Thousands of people gathered on the streets of Washington this week. They came with Palestinian flags. They came with banners. They came with one clear demand. They want Israeli Prime Minister Benjamin Netanyahu arrested the moment he sets foot in the United States. This demand is not extreme. It is based on law. The International Criminal Court has already issued an arrest warrant against Netanyahu. Judges at the court found reasonable grounds to believe he bears responsibility for war crimes and crimes against humanity in Gaza. Countries that respect international law are expected to act on such warrants. The United States chose not to. President Donald Trump made his position clear before Netanyahu even landed. He said Netanyahu would not be arrested on American soil. He defended Israel’s actions in the region without hesitation. This sends a troubling message. It tells the world that some leaders are above the law, as long as they have powerful friends. The protesters deserve credit. They did not stay silent. They stood outside in the summer heat and said what many people around the world are thinking. Gaza has suffered enormous destruction. Tens of thousands of civilians have died. Homes, hospitals and schools have been reduced to rubble. Ordinary people watching this unfold have every right to demand accountability from the man who led that campaign. It is worth noting that New York Mayor Zohran Mamdani has taken a braver stance than the federal government. He has said his city will look into enforcing the ICC warrant if Netanyahu travels there in September for the United Nations General Assembly. This is what leadership looks like. It is a reminder that not every American official is willing to look away. Netanyahu’s meeting with Trump this week was billed as a discussion of regional strategy after their joint military action against Iran. But the real story outside the White House gates was the crowd demanding justice. Their voices should not be dismissed as noise. They represent a growing global frustration with double standards in how international law is applied. The world should stands with those who believe no leader, however powerful his allies, should be shielded from accountability. The protesters in Washington were not the problem this week. The problem was the decision to protect a man wanted by the world’s highest court.

The inflation rate has finally slipped back into single digits, and this is genuinely good news. The Pakistan Bureau of Statistics has confirmed that annual inflation fell to 9.2 percent in July 2026, down from 11.1 percent in June. After three straight months of double-digit readings in April, May and June, this drop deserves to be welcomed. It signals that the aggressive monetary tightening and stabilisation measures of the past year are finally showing results. Businesses that had been struggling with unpredictable input costs can now plan with slightly more confidence, and policymakers at the State Bank will have room to consider further easing of interest rates. But the government must resist the temptation to treat this number as a victory lap. A single month of improved statistics does not undo years of erosion in ordinary people’s purchasing power. For the average household in Lahore, Karachi or Peshawar, a fall from 11.1 percent to 9.2 percent is not something felt at the kitchen table. Prices of flour, cooking oil, vegetables and electricity remain far above where they stood two or three years ago. The inflation rate measures the pace of increase, not the level of prices, and that distinction matters enormously to families who are still paying inflated rates for basic goods every single day. The government also needs to be honest about how fragile this improvement is. A large part of the drop is due to the base effect, as last year’s high prices make this year’s comparison look better on paper. Energy prices remain volatile, the rupee is still under pressure, and any external shock, whether from global oil markets or domestic tax measures, could push inflation back into double digits within months. Claiming credit now, without acknowledging these risks, would be premature and would mislead the public about how far there is still to go. Real relief will only come when wages catch up with the cumulative price increases of recent years, when utility bills stop consuming a disproportionate share of household income, and when the cost of food staples becomes predictable again. None of that is reflected in a single month’s inflation reading. The government would do better to treat this figure as a modest and welcome data point, not as proof that the economic crisis facing ordinary Pakistanis has passed. Until people actually feel the difference in their monthly budgets, talk of relief remains premature.

Thousands of students are paying the price for a system that should have protected them. The Senate Standing Committee on Federal Education and Professional Training has once again exposed how badly the Higher Education Commission has handled degree verification and attestation for students of the University of South Asia Lahore, NICE Karachi and PIMSET campuses. Nearly 37,000 young people remain caught in a bureaucratic mess that is not of their making. This situation demands urgent action, not more excuses. The numbers alone tell a troubling story. Over 6,000 students from USA Lahore, more than five thousand from NICE and close to twenty five thousand from PIMSET campuses have been left waiting for degrees that should confirm years of hard work. Only a fraction of these students have received clearance so far. Meanwhile, HEC officials keep offering vague claims of progress instead of solid facts. Senator Masroor Ahsan was right to press officials for real figures instead of general statements. When lawmakers cannot get straight answers, ordinary students stand even less chance. The most troubling part of this episode is the state of the so called online attestation system. HEC claimed the process had gone fully online, yet officials could not say how many students from these specific institutions had actually benefited. This is not a technical detail. It is a matter of trust. A digital system that cannot show basic figures for the very students it claims to serve is not truly functional. Real students are suffering because of this failure. One student said his complaint had remained stuck as in progress since June, without any verification letter or clearance certificate. Another said the portal did not even show his attestation status despite completing the process multiple times. These are not isolated glitches. They reflect a system that was launched without proper testing or planning. Minute Mirror strongly condemns this prolonged delay and the lack of transparency shown by HEC in handling these cases. Students have already lost valuable time waiting for degrees needed for jobs, higher studies and other opportunities. The commission must move beyond promises and deliver a functioning, transparent and fully online verification system without further delay. The Senate committee has given HEC 15 days to submit detailed reports on NICE and PIMSET. This deadline must be treated seriously.

The Makkah Joint Defence Agreement between Pakistan, Saudi Arabia and Türkiye marks a serious step forward for regional security. The pact, signed on August 7, brings together three important Muslim majority countries under one collective defence framework. An attack on one member will now be treated as an attack on all three, a principle similar to what NATO countries follow among themselves. This is a significant moment for Pakistan’s foreign and defence policy. This newspaper understands that not every detail of a defence agreement can or should be made public. Military planning, operational details, and certain sensitive mechanisms between armed forces must remain confidential. No serious defence pact anywhere in the world publishes its full operational playbook, and Pakistan should not be expected to do so either. Some secrecy is necessary and reasonable when national security is involved. That said, this does not mean the public should be kept in the dark about everything. Broad information, such as who the pact covers, what kind of coordination it involves, and what its larger goals are, should be shared openly with citizens. Pakistanis have a right to understand the basic shape of agreements that affect the country’s security and foreign relations, even if the fine print stays classified. It is encouraging that information about this agreement is now steadily emerging. Türkiye’s Defence Ministry has spoken publicly about the new coordination mechanisms, joint military exercises, and plans for closer defence industry cooperation. Pakistan’s Deputy Prime Minister and Foreign Minister, Ishaq Dar, has also come forward to clarify the scope of the agreement. This kind of openness, even in limited form, is a good omen. It shows that the state is willing to explain its major decisions to the public rather than leaving citizens to guess or rely on rumours.