The United States and Iran have re-entered full-scale conflict, with the US launching a wave of strikes against Iranian targets and Iran retaliating, including targeting the US Fifth Fleet. The dispute has reignited naval blockades in the Strait of Hormuz, a critical waterway for global oil and gas flows, following the collapse of a recent interim peace deal. US President Donald Trump has threatened to expand strikes unless Tehran returns to negotiations.
This escalation significantly impacts global markets. The renewed blockade in the Strait of Hormuz is expected to disrupt oil supplies, leading to a surge in crude oil prices. Such geopolitical instability typically drives investors towards safe-haven assets.
For Pakistan, this conflict could lead to higher imported inflation due to rising crude oil prices, potentially pressuring the Pakistani Rupee. Gold, as a traditional safe haven, may see increased demand in both international and local markets amidst the heightened global uncertainty.
بحوالہ / Source: www.brecorder.com