Oil Prices Tumble Over 5% as US-Iran Tensions Ease

Oil Prices Tumble Over 5% as US-Iran Tensions Ease

International oil prices plunged over 5%, with Brent crude futures falling $5.70 to $91.08 a barrel. This sharp decline followed a reported pause in fighting between the US and Iran over the weekend, easing geopolitical supply concerns. For Pakistan, lower crude prices could help mitigate imported inflation, potentially offering some support to the Rupee and influencing the State Bank's monetary policy.

بحوالہ / Source: tribune.com.pk