Oil prices pulled back sharply from four-month highs on Thursday, easing from above $108 a barrel as Saudi Arabia moved to restore disrupted crude flows, while a US interest-rate increase added pressure to the market.
Brent crude touched $100.64 a barrel on Thursday, a jump of 7%, after Yemen's Houthi rebels claimed to have struck two Saudi oil tankers in the Red Sea.
The Central Bank of the UAE (CBUAE) and the Central Bank of Bahrain (CBB) have decided to maintain their overnight deposit rate unchanged.
As we move into early 2026, the US dollar is facing growing challenges. Its recent weakness isn’t just part of a normal economic cycle, but it reflects rising political uncertainty and shifting global confidence in the United States.
