US President Donald Trump attended a ceremony for four US service members killed in Iranian attacks, amidst growing frustration with the US-Israeli war with Iran. The conflict has cost US taxpayers $37.5 billion, resulted in 18 US deaths, and significantly boosted global oil prices. Houthis further escalated tensions by attacking Saudi tankers in the Red Sea. This sustained geopolitical instability could bolster safe-haven demand for gold and potentially worsen Pakistan's import-led inflation due to higher oil costs, affecting the USD/PKR rate.
بحوالہ / Source: www.brecorder.com