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Author: Web Desk

Oman Affirms the Region Stands at Perilous Crossroads

Muscat: The Sultanate of Oman participated today in the extraordinary ministerial session of the Council of the Arab League, convened via videoconference to address rapidly escalating regional developments in the wake of the ongoing Israeli-American m…

US Dollar Declines as Investors Cling to Fragile Assumptions

Canberra: The US dollar fell today as investors clung to fragile assumptions that the conflict in the Middle East may prove less protracted than initially anticipated. The greenback retreated further from its more than three-month peak reached earlier…

Oil Prices Surge as Middle East Conflict Widens

Canberra: Oil prices advanced today as the widening conflict in the Middle East disrupts oil and gas flows, while supply remains constrained amid reduced output from production facilities. Brent crude climbed by USD 1.67, or 2.05 percent, to settle at…

Gold Prices Continue Rising as Investors Seek Safe Havens

Canberra: Gold prices continued climbing as market participants looked for safe havens in light of rising geopolitical tensions. Gold prices were up just shy of 1% to $5182.12 in early morning trading. Gold is up 20% year to date on the back of increa…