The US states it's willing to negotiate an end to the Iran crisis, but Tehran is not serious, as widening conflict disrupts critical energy chokepoints like the Red Sea and Strait of Hormuz. Houthi threats led to oil tankers reversing course, while US renewed strikes on Iran, and Iran targeted US military sites. Brent crude rose above $91 a barrel, with US gasoline over $4 a gallon, due to the escalating tensions. This geopolitical instability and rising crude oil prices could support international gold prices and potentially impact Pakistan's import bill, influencing local currency rates.
بحوالہ / Source: www.brecorder.com