Brent crude surged above $96 a barrel, fueled by escalating US-Iran tensions and Houthi threats to Red Sea shipping, with analysts warning of a potential rise past $100. This rally has put the Indian rupee under significant pressure, trading near 96.5650, as India is a major oil importer. For Pakistan, sustained high oil prices could worsen inflation and current account deficits, potentially adding pressure on the Pakistani Rupee and supporting local gold prices.
بحوالہ / Source: www.brecorder.com