Jefferies Warns of Real Oil Market Squeeze, Looming Supply Shock

Brent crude futures traded near $87-$90 a barrel as US-Iran negotiations remained deadlocked, impacting the Strait of Hormuz and global fuel supplies. Jefferies highlights "diesel cracks" as a sign of a real market squeeze, with energy experts warning of a looming supply shock due to tightening supplies. Sustained high oil prices could exacerbate inflationary pressures globally, potentially increasing gold's appeal as a hedge and adding pressure on Pakistan's import bill and the PKR.

بحوالہ / Source: oilprice.com