Brent crude oil prices are retreating after briefly touching $100 last week, following a pause in US-Iran hostilities. However, the uncertain outcome of ongoing conflicts and fresh warnings about energy commodity shortages suggest continued market turbulence. This volatility is dimming the outlook for global stock markets and raising inflation concerns. For Pakistan, sustained high oil prices could worsen the import bill and fuel domestic inflation, potentially supporting gold as a hedge and impacting USD/PKR stability.
بحوالہ / Source: oilprice.com