Middle East tensions have intensified, driving Brent crude oil above $100 a barrel, with a 7% overnight surge and a 40% rise this month. This surge is reviving fears of a fresh inflation shock, prompting markets to anticipate more hawkish central bank actions, including a potential Federal Reserve rate hike as early as next week. For Pakistan, rising global oil prices could worsen imported inflation and pressure the PKR, while increased safe-haven demand might support local gold rates.
بحوالہ / Source: www.brecorder.com