Iran Warns Gulf States as UAE Cuts Economic Ties Amid Hormuz Tensions

Iran issued a stern warning to Gulf nations regarding cooperation with the US military, hours after the UAE announced a halt to all economic dealings with Tehran, citing regional escalations and recent missile attacks on shipping. The Strait of Hormuz remains a critical flashpoint, with a US-Iran deal collapsing and President Trump denying ongoing talks. This heightened geopolitical risk could fuel safe-haven demand for gold and potentially push crude oil prices higher, impacting Pakistan's import costs and the PKR.

بحوالہ / Source: www.brecorder.com