Brent crude is hovering around $90 a barrel as escalating Middle East tensions, including Houthi threats of a naval blockade on Saudi Arabia, weigh on global risk appetite. This rise in oil prices, coupled with geopolitical concerns, is dampening investor confidence across broader Asian markets. Higher crude costs are a concern for major importers, potentially widening trade gaps and increasing inflationary pressures. For Pakistan, sustained high oil prices could contribute to domestic inflation, potentially bolstering gold's appeal as a safe-haven asset.
بحوالہ / Source: www.brecorder.com