Brent crude futures have surged past $96/barrel, nearing $100, driven by escalating Middle East tensions and US strikes in the region. This rise in oil prices intensifies global inflation fears and puts significant pressure on major oil importers. India's rupee already fell 0.3% against the dollar, highlighting the economic strain. For Pakistan, sustained high crude prices could worsen the import bill, fuel domestic inflation, and potentially add pressure on the USD/PKR exchange rate, impacting local gold and silver prices.
بحوالہ / Source: www.brecorder.com