Business

US Dollar Strengthens as Middle East Ceasefire Hopes Diminish

Doha: The US dollar rose against major currencies on Thursday, reversing two days of losses after US President Donald Trump’s speech on Iran dashed hopes for a near-term ceasefire in the Middle East conflict, exacerbating market turmoil and investor a…

Oil Prices Surge on Middle East Supply Concerns

Doha: Oil prices have risen sharply at settlement, amid concerns over potential supply disruptions linked to the ongoing conflict in the Middle East. Futures for Brent crude climbed by $7.87, or 7.78%, to settle at $109.03 a barrel.

According to Qat…

Kuwaiti Oil Drops $12.07 a Barrel

Kuwait: Kuwaiti oil prices dropped $12.07 on Wednesday to $108.55 per barrel compared with $120.62 per barrel the day before, according to Kuwait Petroleum Corporation (KPC).

According to Qatar News Agency, in global markets, Brent futures dropped $…