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Oil Prices Rise Amid Escalating Tensions Between the US and Iran
SadaNews Economy - Oil prices rose today, Thursday, after the United States began launching attacks against Iran, reviving fears of a return to comprehensive war in the region.
Just hours after the onset of US strikes, the Supreme Joint Military Command in Iran announced the closure of the Strait...
Gold Fluctuates in Turbulent Trading After New U.S. Strikes on Iran
SadaNews - Gold experienced sharp fluctuations after the United States completed a new round of strikes against Iran, which heightened risks in a war that has shaken global markets and fueled inflation fears.
Gold prices were recorded near $4,080 per ounce.
The U.S. military stated that it had com...
"Rafael": Israeli Ministry of Defense's Billions in Debt Harm Our Operational Capacity
SadaNews - The Director General of the Israeli military industries company "Rafael", Yoav Turjeman, revealed that the debts accumulated by the Israeli Ministry of Defense towards the company are affecting its operational capacity, urging the state to repay its dues as soon as possible.
Turjeman's s...
China Withdraws from Its Oil Reserves to Contain the Impacts of Gulf Shock
SadaNews - China has begun withdrawing from its commercial oil reserves to contain the supply shock caused by the war in Iran, although the world's largest oil importer continues to prioritize reducing refinery operating rates and imposing restrictions on fuel exports to deal with the crisis's reper...
Annual Inflation in America Soars to Highest Level in 3 Years at 4.2%
SadaNews - The annual inflation rate in the United States accelerated to 4.2% in May 2026, marking the highest level since April 2023, presenting a new challenge for the Federal Reserve regarding the trajectory of U.S. interest rates.
The core annual inflation rate – which excludes food and energy...
Oil Prices Rise Following New US Strikes on Iran
SadaNews - Oil prices have rebounded after the United States launched new strikes on Iran following the downing of an American helicopter, posing a new threat to the fragile truce that has been tested by recent attacks in the Middle East.
Brent crude rose by up to 2%, nearing $91 a barrel, while We...
Warning from Bank of America about a selling tsunami on Wall Street
SadaNews - Bank of America warns investors of the necessity to take profits on Wall Street, as 70% of the bank's bearish market indicators point to a sharp decline in prices.
Bank of America cautions about the increasing signals of a bearish market, confirming signs of reaching the peak of th...
Suez Canal Raises Additional Fees on Ships to Boost Revenue
Sada News - The Suez Canal Authority has raised the additional fees imposed on most categories of ships transiting the canal, effective from mid-July, to enhance navigation revenue as the crossing traffic continues to improve amid changes in the global shipping market.
The canal holds significant...
Gold Falls Below $4200 as Clashes Renew Between America and Iran
SadaNews - Gold continued its decline after the United States launched new strikes against Iran in response to the downing of a military helicopter, threatening efforts to end the war that has shaken global markets.
The price of gold dropped by up to 2%, recording around $4180 per ounce, after fall...
صادرات الصين لأميركا تقفز لأعلى مستوى في 5 سنوات
China's Exports Surge Beyond Expectations Supported by Artificial Intelligence
SadaNews - China's exports and imports grew at a faster pace in May, exceeding expectations, as strong demand for artificial intelligence-related equipment compensated for disruptions caused by the conflict in Iran.
Exports jumped by more than 19% compared to the same period last year, markin...
Oil Prices Drop After Israel and Iran Agree to Cease Attacks
SadaNews - Oil prices fell after Israel and Iran agreed to stop mutual attacks following a rise in violence that threatened to undermine efforts to end the war in the Middle East.
Brent crude fell close to $93 per barrel after closing slightly higher on Monday, while West Texas Intermediate crude t...