Kuwait photograph

Kuwait

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Capital Kuwait City
Dialing code+965
Currency Kuwaiti dinar
Population4. 137 million (2017)
GDP per capita29,040. 36 USD (2017)
Gross domestic product120. 1 billion USD (2017)
Date of Reg.
Date of Upd.
ID764139
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About Kuwait


Kuwait, an Arab country on the Persian (Arabian) Gulf, has cultural heritage dating back to antiquity. Kuwait City, the capital, is known for its modern architecture, ranging from skyscrapers to the striking Kuwait Towers, water towers whose design recalls the tiled domes of a classic mosque. The Tareq Rajab Museum houses a rich collection of ethnographic artifacts and Islamic art.

Iran attack: oil prices after the rise of the Iraq-rocket attack

Feb 16,2020 7:38 am

oil prices dropped after an increase after an Iranian attack on two bases hosting U.S. troops in Iraq.

financial markets were also relatively quiet, despite The Conflict , amid investor hopes to avoid That the Two Sides would be Further escalation.

But he stopped short of calling for military action.

The three major stock indices in the USA closed The Day up approximately 0. 5% or more.

While the oil prices had jumped to an almost four-month high overnight, they dropped back during trading on Wednesday. Brent crude oil was More Than 3% to around 65$. 78 per barrel in mid-day in New York , and West Texas International fell More Than 4%.

Despite the pullback, oil prices remain nearly 25% in The Last 12 months, partly due to rising tensions in the Middle East .

Iranian state television said.

The Attack happened just hours after The Funeral of Soleimani, who was killed by a U.S. drone strike on Friday.

His death had raised concerns That The Conflict between the United States and Iran could escalate Further .

the shipping was going to disrupt The World 's busiest sea routes for oil, About a fifth of the global supply of oil through the Strait connects The Gulf with the Arabian Sea .

The Strait of Hormuz is crucial for the main oil exporters in The Gulf region, Saudi -Arabia, Iraq, the United Arab Emirates and Kuwait whose economies are built around oil and gas production. Iran also relies heavily on this route for its oil exports.

Qatar, The World 's largest producer of liquefied natural gas (LNG), exported almost all of its gas through the Strait.

According to the most recent attacks, the U.S. aviation regulator banned American Airlines flying over Iraq, Iran and neighbouring countries. The ban includes The Gulf of Oman and The Waters between Iran and Saudi Arabia .

The Federal Aviation Administration (FAA) said the decision was a response to increased military activity and increased the political tensions in the region.

Before the latest guidance, the FAA had already been under U.S. tells airlines to fly below 26,000 feet (7,925 m) on the Iraq and fly over an area of Iranian airspace over The Gulf of Oman for Iran, a us drone in June of 2019 shot down.

at The same time, Singapore Airlines said That all flights would be diverted from the Iranian air space.



iraq, oil, iran

Source of news: bbc.com

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