Supertankers Hit in Hormuz, Mideast Tensions Flare, Oil Flow at Risk

Maritime risk firm Marisks reported two oil supertankers, including Saudi Arabia's Sidr VLCC, were hit by unknown projectiles while transiting the Strait of Hormuz. This incident, northeast of Khasab, Oman, marks a significant flare-up in Middle East tensions, jeopardizing the recovery of global oil flows. Such geopolitical instability typically boosts safe-haven demand for gold and could pressure the Pakistani Rupee due to higher oil import costs.

بحوالہ / Source: oilprice.com