Yemen's Houthi rebels announced missile and drone strikes on two Saudi oil tankers, the Encelia and Layla, in the Red Sea on Wednesday. The group declared a maritime embargo on Saudi Arabia, citing the US war with Iran. This escalation in a critical shipping lane could heighten geopolitical tensions and potentially drive up crude oil prices. For Pakistan, rising international oil prices could increase imported inflation and put upward pressure on the USD/PKR exchange rate.
بحوالہ / Source: www.brecorder.com