US Warns of Rapid Mideast War Escalation After Riyadh Attack

The United States issued a stark warning of rapid escalation in the Middle East conflict following Houthi missile attacks on Saudi Arabia, including Riyadh and oil giant Aramco facilities in Yanbu. This marks a new threshold in the Yemen conflict, threatening global energy flows through critical waterways like Bab al-Mandab. The violence has already disrupted crude oil exports from Saudi Arabia, the world's leading supplier. Such heightened geopolitical instability typically boosts safe-haven demand for gold and could strengthen the US dollar, potentially impacting USD/PKR rates in Pakistan.

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