Brent crude oil prices plummeted 9.3% to $88 a barrel on Monday, driven by a pause in military action between the United States and Iran over the weekend. This significant drop has alleviated fears of immediate supply disruptions and is expected to ease global inflationary pressures. The fall in crude prices also strengthened the Indian rupee and improved market sentiment. For Pakistan, this decline in crude oil prices could significantly reduce import costs, potentially strengthening the Pakistani Rupee and easing domestic inflation.
بحوالہ / Source: www.brecorder.com