Dollar near 18-month high, Nikkei drops
The decline in gold prices in the UAE reflects the impact of the economic war on the Gulf region and the wider area. Meanwhile, oil prices are nearing a two-week high, and European markets closed higher, supported by gains in the banking sector. Europe is also expected to continue seeing rising gas prices and declining inventories, along with increased transportation and rental costs that are fueling inflation in Jordan. Saudi Arabia is striving to boost its oil export capacity via pipelines to 10 million barrels per day. Germany has also borne a climate protection cost totaling 6 trillion euros until 2045. The US dollar remains steady near an 18-month high, while the Nikkei index has declined, both reflecting economic tensions related to the war and their impact on energy markets and security.
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