Riyadh expressed its "strongest condemnation" of the Houthi militia's declaration of a maritime blockade, which threatens the kingdom's ability to bypass the critical Strait of Hormuz. This move by Yemen's Houthis could disrupt global oil shipping and escalate regional tensions. Such geopolitical developments often trigger safe-haven buying in gold and could push crude oil prices higher, potentially increasing Pakistan's import bill and putting pressure on the PKR.
بحوالہ / Source: www.brecorder.com