Crude Oil Rises Over 2% on US-Iran Talks, Diesel Ban Speculation

Oil prices rose more than 2% after diplomatic talks between the US and Iran showed little progress, adding to market uncertainty. Investors also focused on the potential for a US ban on diesel exports, further tightening supply concerns. This surge in crude oil prices can heighten inflation expectations, potentially increasing demand for gold as a hedge and impacting the USD/PKR exchange rate due to higher import costs.

بحوالہ / Source: www.brecorder.com