Oil Rises as Iran Strikes US Bases in Kuwait & Bahrain

Iran on Friday claimed drone strikes on US military assets, specifically targeting Kuwait's Ahmad al-Jaber Air Base and facilities in Bahrain. This re-escalation dashed earlier hopes for a swift return to diplomacy in the region. The attacks directly responded to recent US aggressions on southern Iran, according to Iranian media reports. Rising oil prices could fuel imported inflation in Pakistan, potentially weakening the PKR against the USD and increasing local gold demand as a hedge.

بحوالہ / Source: oilprice.com