Iran has renewed attacks on US Gulf allies following a seventh night of US strikes, escalating the regional conflict a week after a ceasefire collapsed. Both sides targeted shipping in the vital Strait of Hormuz, with the US enforcing a naval blockade and Iran attacking vessels. Crude oil prices surged over 4% to a multi-month high on Friday, fueled by fears of disrupted global energy supplies. This heightened geopolitical instability and rising oil prices could boost safe-haven demand for gold and potentially pressure the Pakistani rupee due to increased import costs.
بحوالہ / Source: www.brecorder.com