Business

Oil Prices Fall 2% on Strait of Hormuz Reopening Hopes

Doha: Oil prices dropped about 2% on Wednesday, extending losses from the previous session, as renewed hopes that the Strait of Hormuz could reopen emerged after Iran said it had resumed talks with Oman on managing the strategic waterway. Brent crude …

Dollar Steady as Markets Await Inflation Data

Doha: The dollar was steady in early Asian trading on Wednesday, as investors awaited inflation reports from major economies, including the United States, ahead of the Federal Reserve’s annual Jackson Hole symposium this weekend. The dollar remained i…