Market

Oil Drops Nearly 5% as Trump Announces Fresh Talks with Iran

Doha: Oil prices plunged nearly 5% in early Asian trade on Monday after US President Donald Trump said fresh negotiations with Iran would seek to end the conflict in the Middle East and reopen the Strait of Hormuz. Brent crude futures fell 4.69% to $8…

Gold Rises 0.7% as Oil Prices Decline

Doha: Gold prices rose on Monday as oil prices fell, with investors assessing the latest developments in global markets. Spot gold gained 0.7% to $4,067.06 per ounce, while US gold futures rose 0.9% to $4,065.60 per ounce.

According to Qatar News Ag…

OPEC+ Approves 188,000 bpd Oil Production Increase for September

Riyadh: The seven member countries of the OPEC+ alliance have decided to increase their oil production quotas by approximately 188,000 barrels per day (bpd) for September.

According to Qatar News Agency, a joint statement was issued following a virt…