DUBAI – A week has passed since the United States brokered a fragile truce between Israel and Iran, putting an end to a 12-day conflict that had escalated tensions across the Middle East. While the ceasefire has held so far, many crucial questions remain unanswered—raising uncertainty about the long-term prospects of peace and regional stability. […]
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Iran-Israel war may hit Pakistan’s economy hard through rising oil prices
The ongoing conflict between Iran and Israel could significantly impact Pakistan’s fragile economy, mainly by driving up global oil prices, according to a new analysis. Experts warn that any surge in crude oil prices would lead to a sharp increase in Pakistan’s current account deficit and inflation, putting more pressure on the already struggling economy. […]