Former US President Donald Trump threatened Yemen's Houthi rebels with "major military punishment" and held Iran responsible following missile and drone strikes on Red Sea oil tankers. Trump also stated a US-Saudi civilian nuclear deal is contingent on Riyadh joining the Abraham Accords, recognizing Israel. This comes amidst ongoing US concerns over Iran's nuclear program and Saudi Arabia's prior withdrawal from normalization talks due to the Gaza war. Such escalating geopolitical tensions in the Middle East could fuel safe-haven demand for gold and potentially increase global crude oil prices, impacting Pakistan's import costs and local gold rates.
بحوالہ / Source: www.brecorder.com