Vessel crossings in the Strait of Hormuz declined further on Tuesday amid ongoing US-Iran attacks, with only three commodity vessels passing through. In the Red Sea, two Saudi oil tankers reversed course due to Houthi threats to blockade Saudi oil shipments. This widening conflict threatens to disrupt shipping through two of the world’s most critical energy chokepoints. Such geopolitical instability and potential oil supply shocks could support international gold prices and potentially impact USD/PKR due to higher import costs.
بحوالہ / Source: www.brecorder.com