Crude oil prices climbed for a fourth consecutive day, with Brent futures nearing a one-month high at $85 a barrel. This surge follows escalated US strikes on Iran and Iran's threats to regional energy exports, reigniting global inflation concerns. The US dollar traded flat, while the South African rand faced pressure. For Pakistani markets, sustained high oil prices could contribute to imported inflation and pressure the USD/PKR rate, potentially also supporting international gold as an inflation hedge.
بحوالہ / Source: www.brecorder.com