US President Trump vowed "major military punishment" for Iran and its Houthi allies following Houthi attacks on two Saudi oil tankers in the Red Sea, threatening a second major shipping chokepoint. This escalation sent global oil prices surging, with Brent crude rising over 6% to break $100 a barrel for the first time since May. Iran also reportedly attacked US military sites in Jordan and Kuwait, while Trump threatened to destroy Iranian infrastructure in retaliation for any further attacks. Such sustained geopolitical tension and rising oil prices could support international gold rates and put upward pressure on Pakistan's inflation and USD/PKR.
بحوالہ / Source: www.brecorder.com