File photo
Doha, Qatar: Abu Dhabi has confirmed that interception of a ballistic missile by air defence resulted in the death of two unidentified individuals. Meanwhile Oman Air has extended its flight cancellations across Gulf countries.
Stay tuned for more live updates:
11:35am Doha Time
Kuwaiti oil barrel price drops
The price of the Kuwaiti oil barrel went down USD 22.27 to reach USD 124.15 per barrel on Wednesday, compared with USD 146.42 pb the previous day, according to a statement issued by the Kuwait Petroleum Corporation (KPC) on Thursday.
In international markets, Brent crude oil price went down USD 2.27 to USD 102.22 pb, while West Texas crude decreased USD 2.03 to USD 90.32 pb.
10:40am Doha Time
UNHRC adopts resolution on impacts of Iranian attacks on GCC states, Jordan
The UN Human Rights Council (UNHRC) condemned yesterday Iran’s attacks on its Gulf neighbors, urging it to quickly provide compensation to all its victims.
The 47-member council endorsed a resolution put forward by the six GCC states and Jordan condemning Iran’s moves to close the Strait of Hormuz and demanding that Tehran immediately cease all unjustified attacks.
The Human Rights Council adopted, without a vote, the resolution titled: “Human Rights Impacts of Unjustified Attacks by the Islamic Republic of Iran on the United Arab Emirates, Bahrain, Oman, Qatar, Kuwait, the Kingdom of Saudi Arabia, and Jordan”, which was co-sponsored by more than 100 countries.
Qatar strongly condemned the missile and drone attacks carried out by the Islamic Republic of Iran targeting Qatari territory. Read more
10:30am Doha Time
Oman Air extends flight cancellations across Gulf
The Omani national carrier says flights to Dubai, Doha, Bahrain and Kuwait will remain cancelled until April 15 due to the ongoing airspace closures.
Services to Iraq’s Baghdad and Denmark’s Copenhagen also remain suspended until then, it said, but flights to Jordan’s Amman and Saudi Arabia’s Dammam will resume on April 1.
10:05am Doha Time
Abu Dhabi intercepts ballistic missile, confirms two death due to debris
Abu Dhabi authorities have responded to an incident involving falling debris in Sweihan street, following the successful interception of a ballistic missile by air defence systems.
The authorities confirmed that the incident resulted in the deaths of two unidentified individuals, three injuries, and damage to a number of cars. It added that further updates will be provided in due course.
9:30am Doha Time
Saudi intercepts drone in Eastern Region
The Saudi Ministry of Defense announced Thursday morning the interception and destruction of a drone in the Eastern Province.
This was stated by the spokesperson of the Saudi Ministry of Defense, Major General Staff Turki Al Malki, without adding further details.
Earlier on Thursday, the Saudi Ministry of Defense announced the interception and destruction of three drones in the province.
9am Doha Time
Gold prices stabilize amid anticipation of de-escalation in Middle East
Gold prices stabilized on Thursday as investors awaited clearer signs of progress in efforts to de-escalate the conflict in the Middle East, while remaining cautious ahead of new geopolitical developments that could impact safe-haven assets demand.
Spot gold was trading at $4,503.29 per ounce, while US gold futures for April delivery fell 1.2% to $4,500.
Gold came under further pressure as crude oil prices surpassed $100 a barrel, as investors reassessed the prospects for easing tensions in the Middle East.
As for other precious metals, silver fell 0.1% in spot trading to $71.19 an ounce, platinum dropped 0.7% to $1,906.90, and palladium fell 1.4% to $1,404.
