Oil prices fall after truce in Middle East conflict, petroleum reserve news

13 Sept 11:09 Key points summarised by AI

Oil prices fell significantly after a UN-brokered truce in Yemen eased concerns about potential supply disruptions in the Middle East.
The decline was also driven by the U.S. announcement of its largest-ever release of 180 million barrels from the Strategic Petroleum Reserve over six months.
Brent and WTI crude futures experienced notable drops, continuing a trend from the previous week's substantial declines.
Member countries of the International Energy Agency also committed to another coordinated oil release to stabilize global markets.

New home loan scheme aims to boost property sector with Bt125 billion

Today 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.