Category: Business

Oil Surges More Than 7% as Strait of Hormuz Closure Roils Markets

Muscat: Oil prices jumped more than 7 percent today, rebounding sharply from steep losses in the previous session as the closure of the Strait of Hormuz rattled global energy markets. Brent crude futures climbed $6.56, or 7.26 percent, to $96.94 per b…

Omani Crude Oil Price Declines by $4.40

Muscat: The official price of Omani crude oil for June 2026 delivery settled today at $97.51 per barrel.

According to Oman News Agency, the price of Omani crude recorded a decline of $4.40 compared to its level last Friday, which stood at $101.91 pe…

MSX Closes Lower as Trading Value Drops 40%

Muscat: Muscat Stock Exchange (MSX) 30 index today closed at 8,313.98 points, down 22.9 points, or 0.27 percent, from the previous session’s close of 8,336.85 points.

According to Oman News Agency, trading value fell to RO 49.73 million, a decline …