Widening conflict in the Middle East has disrupted critical energy chokepoints, with four Saudi crude tankers reversing course in the Red Sea following Houthi threats. US Secretary Marco Rubio stated Iran is not serious about peace talks, while US and Iranian forces continue attacks. Crude oil prices surged to near six-week highs, with Brent crude at almost $94 a barrel, on fears of further escalation. This geopolitical instability and rising oil prices could increase safe-haven demand for gold and exert upward pressure on Pakistan's inflation and USD/PKR.
بحوالہ / Source: www.brecorder.com