Pakistan renewed calls for restraint and dialogue between Iran and the US, warning that further escalation would undermine regional peace and adversely affect global energy supplies and trade. Recent US strikes on Iran and Iranian attacks on Kuwait and Bahrain have intensified tensions, particularly around the critical Strait of Hormuz. This escalation has already sent global oil prices soaring, sparking concerns of widespread inflation. For Pakistan, sustained high oil prices could worsen imported inflation and pressure the PKR, potentially increasing local gold demand as a hedge.
بحوالہ / Source: www.brecorder.com