Amid the ongoing conflict in the Middle East, global oil prices remained elevated, with no signs of decline in international markets.
U.S. crude West Texas Intermediate (WTI) jumped 12% to reach $112 per barrel, while Brent Crude rose 8% to trade at $109 per barrel.
Meanwhile, Asian stock markets displayed a mixed performance. In Pakistan, the benchmark index of the Pakistan Stock Exchange dropped by 1,612 points to close at 150,398.
Elsewhere, Hang Seng Index fell by 0.7%, and the Shanghai Composite Index declined by 1%.
In contrast, Japan’s Nikkei 225 gained 1.26%, while South Korea’s KOSPI rose by more than 2.5%. The Indian stock market also closed in positive territory.
