US Secretary of State Marco Rubio warned Iran of escalating costs as the Middle East conflict intensifies, with Houthi attacks threatening global oil supplies in the Red Sea and Strait of Hormuz. Rubio expressed frustration with Iran's diplomacy, stating they were not ready for a deal while suffering tremendous losses. The US military completed 12 successive nights of attacks on Iran, amidst broader geopolitical tensions in the South China Sea and Taiwan Strait. This prolonged instability and risk to oil supplies could fuel inflation and boost safe-haven demand for gold, potentially impacting local gold and USD/PKR rates.
بحوالہ / Source: www.brecorder.com