Yemen's Houthis claimed attacks on two Saudi oil tankers in the Red Sea, aiming to impose a naval blockade and creating a second critical chokepoint for global oil supplies after the Strait of Hormuz. This comes amid intensifying US military strikes on Iran and Iranian retaliation against US assets in the region, with both sides issuing threats against infrastructure and oil exports. Several oil tankers have already changed course to avoid the Bab el-Mandeb Strait, indicating immediate disruption. This severe escalation in Middle East tensions is likely to drive international gold prices higher due to safe-haven demand and significantly increase crude oil costs, potentially impacting Pakistan's import bill and domestic inflation.
بحوالہ / Source: www.brecorder.com