Crude oil prices fell sharply, with Brent dropping 4% then another 9% to around $89/barrel, following a pause in US-Iran strikes. This significant decline is easing global inflationary pressures and has led to a drop in the 10-year US Treasury yield to 4.64%. Markets now see a 66% chance of the Federal Reserve maintaining status quo at its upcoming rate decision. Lower global oil prices could reduce Pakistan's import bill and ease domestic inflation, potentially influencing SBP policy and the USD/PKR rate, while also impacting local gold prices.
بحوالہ / Source: www.brecorder.com