Brent crude futures eased 0.4% to $88.87 per barrel, while US West Texas Intermediate crude remained steady at $82.47 a barrel. This dip follows reports of mediation efforts for a 10-day ceasefire between the US and Iran, which are counteracting recent US strikes and Houthi threats of a naval blockade on Saudi Arabia. Analysts suggest that these de-escalation talks are currently capping the upside for oil prices. Lower oil prices could potentially ease Pakistan's import bill and inflationary pressures, indirectly supporting the PKR and potentially influencing local gold demand.
بحوالہ / Source: www.brecorder.com