Category: Production

Oil Prices Plunge Over 4 Percent

Beirut: Oil prices tumbled in early Asian trade after US President Donald Trump announced a peace agreement with Iran and the resumption of shipping traffic through the Strait of Hormuz. Brent crude futures dropped $3.51, or 4.02 percent, to $83.82

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US Stocks Open Higher on US-Iran Agreement

Beirut: Major US stock indexes opened higher on Monday after Washington and Tehran reached a preliminary agreement to end the war in the Middle East and reopen the Strait of Hormuz. The Dow Jones Industrial Average rose 162.3 points, or

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