A US missile struck Iran's Larak island, following earlier attacks on Kharg, home to Iran's largest oil terminal, amidst escalating conflict over the Strait of Hormuz. Iran has sealed the strategic waterway, a critical chokepoint for global oil shipping, after a deal collapsed. These islands are vital for Iran's oil exports and military presence, making them key targets in the ongoing dispute. Continued tensions in the Gulf could drive crude oil prices higher, potentially impacting Pakistan's import bill and contributing to inflationary pressures, which may support local gold prices.
بحوالہ / Source: www.brecorder.com