US and Iran are engaged in daily attacks, with the US striking Iranian military sites and Iran targeting US facilities. The conflict has halted traffic through the critical Strait of Hormuz, a key oil and gas shipping route, causing global energy prices to surge. Iran has also threatened to close the Bab al-Mandeb strait. This geopolitical tension and rising oil prices could support international gold rates and potentially impact Pakistan's import bill and currency stability.
بحوالہ / Source: www.brecorder.com