Oil prices fall but inflation stays high ...Kuwait

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Oil prices fall but inflation stays high
Oil prices have dropped by a quarter since June and could fall further if a nuclear deal is reached with Iran as it would bring more crude to the market, yet inflation remains stubbornly high. Crude prices soared to $140 per barrel in early March after Moscow invaded Ukraine, raising fears that Western sanctions would drastically cut supplies from Russia, a major producer and exporter. But traders are now concerned about demand due to various factors, including fears of recession, a strong dollar and weak Chinese oil imports during the country's Covid lockdowns, said Giovanni Staunovo, commodities analyst at UBS bank. Oil prices are set in dollars, so any rise in the

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