Oil Prices Rise on US-Iran Clashes; Mideast Tensions Weigh on Markets

Oil Prices Rise on US-Iran Clashes; Mideast Tensions Weigh on Markets

Brent crude rose 1.3% to $85.30 a barrel after the United States and Iran stepped up attacks across the Gulf, pushing oil prices to one-month highs. This renewed Middle East tension is also weighing on Asian markets, leading to a cautious investor sentiment. This rise in oil prices, fueled by geopolitical risks, could increase imported inflation for Pakistan and potentially support gold's safe-haven appeal.

بحوالہ / Source: www.brecorder.com