July 2026

Oil Prices Surge by More Than 5% Following US Strikes on Iran

Doha: Crude oil prices rose more than 5% at settlement Wednesday after new strikes were launched on Iran, spurring concerns that renewed hostilities in the Middle East could halt shipping traffic through the Strait of Hormuz. Brent crude futures surge…

Kuwaiti Oil Price Increases by USD 4.36 to USD 76.03 Per Barrel

Kuwait city: The price of Kuwaiti oil experienced a rise of USD 4.36, reaching USD 76.03 per barrel in Wednesday’s trading session. This marks an increase from the previous session’s price of USD 71.67 per barrel, as reported by the Kuwait Petroleum C…