Islamabad (HRNW)- Global financial markets came under severe pressure due to rising tensions in the Middle East and uncertainty over the Iran conflict. Oil prices rose by about 5 percent yesterday, with Brent crude approaching the $100 per barrel mark.
Brent crude rose $4.30 (4.5 percent) to $99.78 per barrel, while West Texas Intermediate rose $4.75 (5.3 percent) to trade at $94.36 per barrel. According to experts, this increase is one of the biggest single-day increases in recent weeks, which has come about due to tensions in the region and concerns about potential supply disruptions. Global stock markets also saw a decline, while investors have adopted a cautious attitude due to uncertainty.
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