Oil Climbs as Gold Gains and Dollar Falls
Oil prices rose to record their second weekly gain, supported by escalating tensions in the Gulf region, as Iran announced maneuvers toward and control over the Strait of Hormuz, in response to American pressure and developments in the Middle East. Despite this, Gaza saw the destruction of 5,824 dunams of agricultural land and a decline in production to 500 tons, threatening the grape cultivation there. The area also witnessed the death of six martyrs and injuries due to Israeli bombardment amid clashes and gunfire. In related news, the US dollar remains at a two-week high, amid the ongoing rise in oil prices.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)