Kuwait city: The price of Kuwaiti crude oil experienced a decline, settling at $70.63 per barrel in Tuesday's trading. This marks a decrease of $2.16 from the previous day's price of $72.79, according to the Kuwait Petroleum Corporation.

According to Qatar News Agency, global markets also witnessed a decrease in oil prices. Brent crude futures dropped by 50 cents, reaching $68.71 per barrel. Meanwhile, US West Texas Intermediate (WTI) futures saw a decrease of 46 cents, settling at $66.52 per barrel.