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Author: Web Desk

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…

CBO Announces Auction Results of GDB-83

Muscat: The Central Bank of Oman (CBO) today announced the auction results of the 83rd Government Development Bonds (GDB) issue, which received applications worth a total of RO 185,562,900 from investors.

According to Oman News Agency, a media relea…