Saudi strikes targeted Yemen's Hodeidah, while US missiles hit Iran after President Trump vowed "major military punishment" for Tehran and Houthi allies. The Houthi movement's naval blockade on Saudi Arabia and attacks on tankers have forced rerouting and doubled shipping insurance costs in the Red Sea. This escalation in a key oil region, impacting global crude supply routes, could push oil prices higher and increase safe-haven demand for gold, potentially influencing its rates in Pakistan.
بحوالہ / Source: www.brecorder.com