Shipping traffic through the critical Strait of Hormuz has decreased following renewed US-Iran hostilities and reports of tankers being struck. Yemen's Iran-aligned Houthis further intensified tensions by announcing a naval blockade on Saudi Arabia, threatening global energy supplies. This geopolitical escalation in a key oil transit region is likely to push crude oil prices higher. For Pakistan, rising oil prices could increase import costs, potentially weakening the Rupee against the Dollar and supporting local gold prices.
بحوالہ / Source: www.brecorder.com