ECONOMY

Economic growth in the six-member Gulf Cooperation Council will remain strong but slow significantly next year as high oil prices hurt demand for the commodity.

Russia can access enough tankers to ship most of its oil beyond the reach of a new G7 price cap, industry players and a U.S.

Decades-high inflation is forcing central banks to aggressively hike interest rates again.

The gains built on Monday's rise, though analysts warned that the advances were unlikely to be sustained owing to broader worries about inflation and rising interest rates.