Brent crude futures fell about 6% to $90.93 a barrel and US WTI crude dropped 5.6% to $84.33, hitting one-week lows. This sharp decline followed a weekend pause in US-Iran strikes, raising hopes for de-escalation and resumed shipping in the Strait of Hormuz. Prices later pared some losses after drone attacks targeted Saudi oil facilities, indicating ongoing supply risks. For Pakistan, sustained lower oil prices could ease imported inflation, potentially influencing SBP policy and the PKR.
بحوالہ / Source: www.dawn.com