Houthis Attack Saudi Oil Tanker in Red Sea, Raising Supply Disruption Fears

Yemen's Houthis announced an attack on the Saudi oil tanker "NCC GHAZAL" in the Red Sea on Tuesday, using ballistic missiles. They stated the vessel violated their recently imposed blockade on Saudi shipments in the Red Sea and Bab el-Mandeb Strait. This incident escalates regional tensions and raises concerns about crude oil supply disruptions in a key global shipping route. Such geopolitical instability and potential oil price surges could support international gold prices and potentially weaken the PKR against the USD in Pakistan.

بحوالہ / Source: oilprice.com