Brent crude fell $6.20 to $90.58, and US WTI dropped $5.80 to $83.51, both reaching nearly one-week lows. The decline follows a weekend pause in US-Iran strikes, signaling potential de-escalation and easing concerns over Strait of Hormuz shipping. This could reduce global inflation pressures, potentially easing Pakistan's import bill and strengthening the PKR, which might indirectly influence local gold prices.
بحوالہ / Source: www.dawn.com