Oil Prices Tumble Over 5% as US, Iran Pause Fighting

Oil prices experienced a significant decline, with Brent crude futures falling over 5%, or $5.70, to $91.08 a barrel. This sharp drop followed a weekend pause in fighting between the US and Iran. Lower crude oil prices could potentially ease global inflationary pressures, which might influence central bank monetary policies. For Pakistan, a sustained drop in oil prices could help reduce the import bill and potentially ease pressure on the Pakistani Rupee and domestic inflation.

بحوالہ / Source: tribune.com.pk