Brent crude prices jumped over 5% to more than $95 per barrel due to escalating Iran conflict and Houthi threats to shipping routes. This surge, driven by mounting supply disruption fears, pushed the Indian rupee to a two-month low of 96.5650 against the dollar. State-run banks intervened with dollar sales to limit the rupee's losses, as higher energy costs threaten India's inflation and current account deficit. For Pakistan, rising international oil prices typically increase import costs, potentially pressuring the PKR and supporting local gold prices.
بحوالہ / Source: www.brecorder.com