Oil Prices Slide on US-Iran Deal Hopes; Fed Rate Hike Expectations Firm Up

European energy stocks declined as crude oil prices extended losses on optimism surrounding a potential US-Iran deal. Meanwhile, investor focus shifts to the upcoming Federal Reserve policy statement. Markets are pricing in a high probability of at least one 25-basis-point rate hike by the US central bank before year-end, despite expectations for a steady hold at the current meeting. This combination of falling oil and firming Fed rate hike expectations could strengthen the US dollar, potentially pressuring international gold prices and influencing USD/PKR rates.

بحوالہ / Source: www.brecorder.com