Iran Threatens Hormuz Closure Until US Meets Conditions

Iran's Supreme National Security Council Secretary Mohsen Rezaei announced Tuesday that the Strait of Hormuz will not reopen until the United States meets Tehran's conditions, including ending conflict and unfreezing Iranian assets. This stance escalates the geopolitical tension surrounding the vital oil shipping lane. The move could significantly disrupt global crude oil supplies, potentially driving prices higher. Such an increase in oil prices could fuel inflation, boosting gold's appeal as a safe haven and potentially weakening the Pakistani Rupee against the dollar.

بحوالہ / Source: oilprice.com