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Oil Prices Decline at Settlement Amid Strait of Hormuz Closure

Doha: Oil prices fell sharply today, but are still on track for weekly gains as the Strait of Hormuz remains closed. Brent crude futures for July delivery fell $2.23, or 2.02 percent, to settle at $108.17 a barrel. West Texas Intermediate crude future…

QNB Projects Global Inflation at 4.4% Amid Energy Shock

Doha: Qatar National Bank (QNB) projects global headline inflation to rise to 4.4% amid an energy shock triggered by escalating military tensions in the Middle East, marking a sharp reversal from the pre-conflict trajectory. This shock is likely to dr…