US, Canada Push for Limited Black Sea Ceasefire to Secure Energy, Grain Shipments

US Secretary of State Marco Rubio and Canadian Foreign Minister Anita Anand confirmed international efforts, including proposals from Turkiye and India, to facilitate a partial truce in the Black Sea. The initiative aims to safeguard critical energy and grain exports, addressing global food and energy security concerns amidst the ongoing Russia-Ukraine conflict. Despite G20 foreign ministers meeting without a joint statement, discussions highlighted the urgency of de-escalating attacks on shipping and infrastructure. A successful limited ceasefire could ease global crude oil prices and reduce safe-haven demand for gold, potentially influencing local gold and USD/PKR rates.

بحوالہ / Source: www.brecorder.com