Gulf

All eyes are currently on U.S. President Donald Trump, whose recent decisions are making waves across global markets. His latest diplomatic intervention is brokering a one-month ceasefire between Russia and Ukraine. It is expected to significantly impact the global oil supply chain. Experts believe that this temporary truce could result in increased Russian crude oil exports to international markets. With higher supply, crude oil prices are projected to drop, potentially falling below $71 per barrel. Gulf Nations May Face Economic Pressure Until now, the reduced presence of Russian oil in the global market had led to rising prices for crude.…