Brent crude futures rose 2% to $96, while US West Texas Intermediate climbed 1.7% to $88.27, driven by US military strikes on Iran and Houthi targeting of oil tankers in the Red Sea. Iran's Revolutionary Guards also warned of mined routes in the Strait of Hormuz, threatening global energy supplies. This surge in oil prices could fuel global inflation, potentially impacting central bank policies and increasing Pakistan's import bill, which may put pressure on the PKR.
بحوالہ / Source: www.brecorder.com