Jet fuel prices surged by 20% in July, primarily due to re-escalation in the Middle East and extreme volatility in crude oil markets. This sharp increase forced U.S. airlines to significantly readjust their profit guidance for the year. The rapid rise in energy costs highlights persistent inflationary pressures in the global economy. For Pakistani gold and currency markets, sustained higher crude oil prices could fuel imported inflation, potentially supporting gold as an inflation hedge and putting upward pressure on the USD/PKR rate.
بحوالہ / Source: oilprice.com