India has urged "highest degree of caution" for ships in the Black Sea and advised against deploying seafarers in the Strait of Hormuz following recent attacks, including one that killed four Indian nationals. The advisory highlights escalating geopolitical risks in critical maritime routes, with 10 attacks reported in the Black Sea since April. Disruptions to these vital shipping lanes, particularly the Black Sea for grain and oil, and the Strait of Hormuz for Middle Eastern crude, could tighten global commodity supplies. This situation could lead to higher crude oil prices, potentially increasing inflationary pressures and impacting the USD/PKR rate in Pakistan, while also possibly boosting safe-haven demand for gold.
بحوالہ / Source: www.brecorder.com