Day: May 4, 2026

Oil Prices Drop as US Moves to Free Stranded Middle East Vessels

Brent: Brent crude futures for July delivery fell 2 percent following US President Donald Trump’s announcement of the initiation of efforts to free stranded vessels in the Middle East, according to trading data.

According to Oman News Agency, Brent …

Gold Edges Lower as Inflation Fears Cloud US Rate Outlook

Riyadh: Gold prices edged slightly lower today, weighed down by inflation concerns that have cast a shadow over the outlook for US monetary policy, while markets await developments in peace negotiations between the United States and Iran. Spot gold fe…