Yemen's Houthi rebels stated they are not closing the vital Bab al-Mandeb Strait, despite earlier declaring a maritime embargo on Saudi Arabia and attacking a Saudi ship. This clarification comes after Brent crude briefly surged past $100 per barrel following the Houthi attack, rattling global energy markets already tense from regional conflicts. The rebels maintain their blockade is limited to Saudi-bound vessels, impacting a key route for Saudi oil exports. Continued volatility in crude oil prices could fuel global inflation concerns, potentially supporting international gold prices and adding pressure on Pakistan's import costs and the PKR.
بحوالہ / Source: www.brecorder.com