Category: Business

Oil Hits Six-Week High as Middle East Tensions Persist

Muscat: Oil prices rose more than 1.5% today, reaching their highest level in over six weeks, amid renewed military tensions between the US and Iran and concerns about supply disruptions. Brent crude futures rose $1.93, or 2%, to $96 per barrel, their…

Gold Retreats From Two-Week High as Oil Prices Rise

Muscat: Gold prices retreated today from their highest level in two weeks, amid escalating tensions in the Middle East and rising oil prices. Spot gold settled at $4,132.01 per ounce after rising to $4,165.87 in the previous session, its highest level…

Dollar Steady Amid Ongoing Regional Tensions

Muscat: The dollar largely stabilized today amid ongoing regional tensions in the Middle East, which kept investors on edge and underpinned demand for the safe-haven currency. The dollar index, which measures the greenback against a basket of currenci…