US Secretary Marco Rubio reassured Asian allies amid rising global tensions, including an escalating Middle East conflict and disputes in the South China Sea. Rubio expressed frustration with Iran, stating it would "pay a higher price" as US military attacks continue. The war in Iran and blockade of the Strait of Hormuz, coupled with Red Sea disruptions, threaten a significant chokehold on global oil supplies. This geopolitical instability and potential oil supply shock could boost safe-haven demand for gold and exert upward pressure on international crude oil prices, impacting Pakistan's import bill and the USD/PKR exchange rate.
بحوالہ / Source: www.brecorder.com