Weak Energy Demand Signals Deeper Economic Problems Amid Hormuz Tensions

Oil prices have barely reacted to the Strait of Hormuz closure, defying expectations of a significant spike, pointing to underlying weak energy demand. Historically, such low demand has preceded financial crashes, suggesting a much bigger economic problem at play, potentially signaling a global economic slowdown. For Pakistan, a global slowdown could impact export demand and remittances, while lower crude prices might offer some relief on the import bill, influencing USD/PKR stability and potentially increasing safe-haven demand for gold.

بحوالہ / Source: oilprice.com