Brent crude fell 5.05% to $91.89 and US WTI dropped 5.23% to $84.64 on Monday, marking their lowest levels in nearly a week. The significant decline follows a weekend pause in US and Iranian strikes, fostering hopes for a diplomatic resolution and the resumption of normal shipping in the Strait of Hormuz. This de-escalation eased concerns over supply disruptions that had pushed prices higher. For Pakistan, sustained lower international oil prices could alleviate imported inflation pressures, potentially strengthening the PKR against the USD and influencing local gold price dynamics.
بحوالہ / Source: www.brecorder.com