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USIran Escalation Drives Brent Near $100 and Triggers Sharp Drops on Pakistan and Indian Markets

Rising oil and headline risk are pushing inflation concerns and straining import bills in oil‑dependent economies while keeping volatility high.

Overview

  • Pakistan’s KSE‑100 fell for a second straight heavy session, losing about 994 points to close at 172,642.16 on Tuesday as broad selling dominated trading.
  • Indian benchmarks extended losses with the Sensex down roughly 555 points and the Nifty slipping about 144 points as investors sold large caps and IT names.
  • Brent crude moved into the high‑$90s, trading close to $100 a barrel, after renewed USIran strikes, Iranian threats and Houthi attacks raised the risk premium on Middle East supplies.
  • Trading volumes rose on the PSX and volatility surged on Dalal Street as banks, IT, autos and oil & gas were hit while IPO demand and foreign outflows changed liquidity patterns.
  • Markets will watch US inflation prints and next week’s Federal Reserve meeting for signs of higher rates that could add pressure to inflation, rupees and external accounts in India and Pakistan.