Day: August 18, 2026

Oil Climbs as Fading Middle East Peace Deal Diminished

Muscat: Oil prices rose today as prospects for a Middle East peace agreement faded after the US ruled out extending the ceasefire, fueling concerns about energy supplies. Brent crude futures climbed 27 cents, or 0.3%, to $91.14 a barrel after rising t…

Dollar Steady as Monetary Tightening Expectations Ease

Muscat: The US dollar held near multi-month lows against most major currencies today as traders walked back expectations of near-term monetary tightening. The euro fetched $1.1581 in early Asian hours, not far from the two-month high of $1.1614 it tou…

European Stocks Open Mixed Amid West Asia Tensions

Muscat: European stock indices opened mixed today, amid caution in the markets as renewed tensions in West Asia pushed oil prices and government bond yields higher.

According to Oman News Agency, in the major European markets, France’s CAC 40 inde…