Lahore: Rising tensions in the Arab world are also reported to be affecting oil prices, which have reached a seven-year high. According to Arab media, a drone strike was carried out by Houthi rebels at Abu Dhabi airport yesterday in which a Pakistani was killed. Since the attack, the price of oil has risen by $1 in view of possible disruptions in oil supplies. This is cited as the biggest increase in the last 7 years. In this regard, experts say that due to the new geographical and political tensions, there are signs of a difficult situation in the entire market and the price of Brent crude has risen 85 cents or 1 percent to reach 87.33 dollars per barrel. Earlier, this happened on October 29, 2014, when it reached 87 87.55 per barrel in one day. US condemns UAE Houthi attack, vows to hold rebels accountable for “terrorist attack” US airlines warn of “catastrophic disruption” if 5G deployed near airports Airstrike by coalition forces on Yemeni capital kills 14 people Drug paddlers, addicts using WhatsApp groups for sale, purchase Sheikh Rasheed issues terror warning for Islamabad following the killing of a policeman Similarly, US West Intermediate crude oil prices … Continue reading Tensions in Arab countries, oil prices at 7-year high