Abu dhabi: Oil prices settled more than US$1 higher on Friday, recording their biggest monthly gain since March, supported by developments in the Middle East.
According to Emirates News Agency, Brent crude futures rose US$1.09, or 1.2 percent, to settle at US$90.12 a barrel, while US West Texas Intermediate (WTI) crude futures gained US$1.08, or 1.3 percent, to close at US$84.67 a barrel.
For the month of July, Brent crude advanced 24 percent, while WTI posted a 21 percent gain.
Manama: The General Command of the Bahrain Defence Force (BDF) announced that its air defence systems have successfully intercepted and destroyed several Iranian aerial attacks. These attacks, described as treacherous, occurred on Friday.
According …
Kuwait city: Kuwait’s Ministry of Electricity, Water and Renewable Energy announced that one of its power generation and water distillation plants was attacked due to Iranian aggression against Kuwait. The attack resulted in damage to the plant’s faci…
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