Surging prices from the Middle East war will force countries and industries to curb oil use, with ‘demand destruction’ spreading as scarcity and high prices persist.
Business
A second round of US-Iran talks is expected soon to ease tensions, supporting demand for the local currency, says an analyst.
Oil falls below US$100 a barrel, dollar hits 1½-month low while China’s exports falter amid Middle East war.
Air travel, tourism show early strain amid energy crisis, says Akmal
The economy minister also says food supply remains stable, with sufficient stocks of essential items.
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