Day: August 3, 2026

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

Muscat: Oil prices plunged nearly 5% in early Asian trade today 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 $83….

Dollar Steady, Yen Hits Three-Month High

Muscat: The dollar was little changed today, while the Japanese yen surged to a three-month high as investors anticipated the possibility of further intervention by Tokyo following last week’s joint action with Washington to support the currency.

Ac…