• Spill poses a serious threat to marine life and local fishing economy • Source of spill remains unconfirmed, though it may be linked to regional tanker incidents and sea conditions in the Strait of Hormuz GWADAR: Gwadar’s western coast has been covered with a thick layer of crude oil across a 20-kilometre stretch, posing a severe threat to marine life and the local fishing industry, officials said on Friday. “Thick crude oil has washed ashore, covering a vast area of the coastline and penetrating sensitive intertidal zones,” officials said. The situation has sparked widespread concern among environmentalists and the local community over its potential long-term impact on the marine ecosystem. (CLOCKWISE) Workers inspect patches of spilled oil washed ashore along the coast of Gwadar; a cleanup worker holds a thick clump of toxic residue while a sea turtle lies on a beach contaminated with crude oil.—Dawn Deputy Director of Environment Abdul Rahim Baloch, while confirming that crude oil had reached Balochistan...
A positive bid-ask readings and a bullish RSI divergence support Bitcoin's recovery, with $70,000 emerging as a key target. Bitcoin (BTC) is gaining buyers’ interest after setting a new yearly low at $59,000 last week. Order book data and liquidity suggest a rally is pending and more than $2 billion in short liquidity is concentrated near $65,000. BTC's bid-ask ratio has remained positive since last Friday. The shift in positioning and sentiment also aligns with a bullish chart pattern targeting the $67,000–$70,000 range. Bitcoin's recent rebound to $63,500 followed a bullish divergence between the price and the relative strength index (RSI) on the four-hour chart. The price printed a lower low during the early-June sell-off while the relative strength index (RSI) formed a higher low. The signal pointed to fading downside momentum before buyers stepped in. Read more