The US has renewed strikes on Iran after two military personnel were killed, with Iran retaliating against US assets in the Gulf. This escalating conflict threatens commercial shipping in the Strait of Hormuz, a critical passage for one-fifth of the world's oil supply, disrupting energy supplies and fueling global inflation fears. For Pakistan, this geopolitical tension could drive international gold prices higher due to safe-haven demand, while increased crude oil prices may exacerbate the import bill and domestic inflation, potentially influencing USD/PKR.
بحوالہ / Source: www.brecorder.com