Muscat: Oil prices held steady in early trade today as investors assessed the outlook for the US-Iran war and the security of shipping through the Strait of Hormuz. Brent crude futures for October delivery rose 25 cents, or 0.3%, to $91.87 a barrel, w…
Business
Dollar Drops to Three-Month Low
Muscat: The US dollar stood at three-month lows today after the Treasury Department moved to calm a bond market rout that had pushed long-end yields to their highest since 2007. The dollar index, which measures the US currency against six other units,…
European Stocks Open Mixed Following U.S. Treasury Announcement
Muscat: European stock indexes opened today’s trading with mixed performance, after the US Treasury Department announced that it was taking measures to reduce borrowing costs, at a time when pressure resulting from rising energy prices continued. Amon…