Prime Minister Shehbaz Sharif strongly condemned Houthi militia attacks on Saudi Arabian oil tankers in the Red Sea, reaffirming Pakistan's unwavering support for the Kingdom's security. The Houthis claimed strikes on two Saudi oil tankers, threatening a second chokepoint on global oil supplies alongside the Strait of Hormuz, causing several tankers to change course. Pakistan expressed complete solidarity and commitment to ensuring the uninterrupted flow of maritime commerce in the region. Escalating geopolitical tensions in critical shipping lanes could drive crude oil prices higher, potentially increasing safe-haven demand for gold and exerting pressure on the USD/PKR exchange rate due to Pakistan's higher import bill.
بحوالہ / Source: www.brecorder.com