S.M. Inam
KARACHI: Global markets reacted sharply after US and Israeli strikes on Iran, pushing Brent crude oil prices to $83 per barrel.
Gold also saw a significant rise, with prices climbing nearly 2%, adding $88 per ounce to reach $5,176 per ounce at the start of trading.
Stock markets across Asia reflected investor caution. According to international media, the Korean Stock Exchange fell by 6%, while Japan’s market dropped 3%, indicating broader risk-off sentiment amid geopolitical uncertainty.
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