India has advised its flagged ships and seafarers to exercise the 'highest degree of caution' while operating in the Black Sea, undertaking voyage-specific security risk assessments. The advisory follows 10 attacks in the region since April, including a fatal strike on a cargo ship and damage to foreign-flagged tankers near Novorossiysk, a major Russian oil export terminal. Increased shipping risks in the Black Sea could potentially impact global crude oil prices, which in turn may influence Pakistan's import costs, inflation outlook, and indirectly, local gold and currency rates.
بحوالہ / Source: www.brecorder.com