Brent crude futures rose 0.55% to $91.51 and WTI climbed 0.36% to $84.64, reaching a five-week high. This surge follows continued US military strikes on Iranian targets and reports of Iranian drone attacks, intensifying fears of global energy supply disruptions. The escalating regional tensions, including Houthi threats to Saudi oil vessels, further fueled the price increase. Higher oil prices typically contribute to global inflation, which could indirectly support gold as an inflation hedge and potentially impact Pakistan's import bill and USD/PKR stability.
بحوالہ / Source: www.brecorder.com