Crude oil prices fall on signs of opening of Hormuz, new record in US stock market
-
Media Baaji
- Wed, 5 August 2026
Kathmandu. The diplomatic talks between Iran and Oman regarding the resumption of the safe passage of commercial ships through the Strait of Hormuz have indicated that they are progressing in a positive direction.
After the representatives of both sides showed the possibility of agreement, there is hope that the impact of the ongoing tension in the Middle East will decrease on the world economy. However, at the same time, the attack on the Indian merchant ship near the Red Border near Yemen and the subsequent sinking of the ship confirmed that the regional maritime security risk is still serious.
Related News
A modest increase in NEPSE, turnover above 11.49 billion
Kathmandu. On the third trading day of the week, the NEPSE index increased by 5.38 points to 2731.89. During the day, 236 million 18 thousand 186 shares of 334 companies were bought and sold, amounting to 11 billion 49 million 39 million shares. T...
Emergency oil supply to ease energy market volatility
Kathmandu. The International Energy Agency has said that the member countries of Asia and Oceania region will immediately send oil from their emergency oil reserves to the market. It is said that such a step has been taken to reduce the instabilit...
Study Report on the Kerung-Kathmandu Railway Prepared
Kathmandu. The long-awaited Kathmandu-Kerung cross-border electric railway connecting Nepal and China is set to have its feasibility study report submitted by the Chinese side within the next one and a half months. In a presentation organized a fe...
Import of petroleum products worth four billion 48 crores from Kankarbhitt
Bhadrapur. In the first quarter of the current fiscal year 2082 and 083, petroleum products worth four billion 48444568 thousand have been imported from Kankarvitta through the eastern border. Petrol, diesel, LP gas, ATF, kerosene have been import...
Sanima Middle Tamor Hydropower's dividend declaration, general meeting call
Kathmandu. Sanima Middle Tamor Hydropower Limited is going to distribute 5.263 percent cash dividend to the shareholders. The meeting of the board of directors of the company has proposed to distribute the dividend from the distributable accumulat...
The value of the US dollar is at an all-time high
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the fixed exchange rate, the value of the US dollar increased further and reached its highest point so far. Acco...