International oil prices eased as reports of mediation efforts for a 10-day ceasefire between the US and Iran emerged. Brent crude futures dipped 0.38% to $88.88 per barrel, moving away from a one-month high. This development suggests a potential de-escalation of geopolitical tensions in the region. For Pakistan, reduced global oil prices could offer some relief on import bills and potentially temper inflationary pressures, indirectly influencing the SBP's monetary policy and the local gold market.
بحوالہ / Source: www.brecorder.com