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DP World Resumes Operations at Jebel Ali Port in the UAE
SadaNews - DP World announced the resumption of operations at Jebel Ali Port in the UAE, following a temporary suspension of operations as a precautionary measure, according to Reuters.
The company had previously halted operations at all port terminals following a fire that broke out at one of the...
Oil Prices Soar on First Trading Day Since War Began
SadaNews - Oil has seen its biggest jump in four years, with traders assessing the implications of the actual closure of the Strait of Hormuz due to the war waged by the United States and Israel against Iran.
The price of Brent crude, which is a global benchmark for oil prices, rose by more than 6%...
Gold and Silver Prices Rise as Investors Seek Safe Havens
SadaNews - Gold prices have risen after the war in the Middle East disrupted markets, pushing investors toward safer assets.
The precious metal rose by more than 2% to around $5,390 an ounce in early trading, after having surged more than 3% the previous week with the mobilization of U.S. forces in...
Egypt announces measures to secure supplies after Israeli gas halt
SadaNews - The Ministry of Petroleum and Mineral Resources confirmed that it has implemented a package of proactive steps to secure energy supplies for the local market from natural gas and petroleum products, as part of a government coordination aimed at ensuring the fulfillment of needs and enhanc...
Hundreds of Tankers Pile Up in the Gulf as War Escalates
SadaNews - At least 150 oil and liquefied natural gas tankers have come to a halt in open waters in the Gulf outside the Strait of Hormuz, as military confrontations escalate following American and Israeli strikes on Iran, threatening a widespread disruption in global energy supplies.
Estimates bas...
Turkish Airlines Suspends Flights to 10 Countries in the Middle East
SadaNews - Turkish Airlines announced the suspension of flights to 10 countries in the Middle East amid the confrontation between Iran, Israel, and the United States.
The head of the company's media office, Yahya Uston, explained in a post on the Turkish platform "InSocial" that the cancellations o...
Jordan announces interruption of natural gas supply from Mediterranean fields
SadaNews - The Jordanian Minister of Energy and Mineral Resources, Dr. Saleh Al-Kharabsheh, stated today, Sunday, that the recent events occurring in the region have led to an interruption in the supply of natural gas to Jordan, which is sourced from the Mediterranean fields used for electricity gen...
Wave of Selling Hits Gulf and Egyptian Markets After Unprecedented Military Escalation
SadaNews - Stock markets in Saudi Arabia, Egypt, Oman, and Bahrain plummeted on Sunday, as investors reassessed geopolitical risks following the U.S.-Israeli strikes on Iran, the death of Iranian leader Ali Khamenei, and several senior officials, as well as Tehran's response by targeting regional co...
Oman: Oil Tanker Targeted Near Strait of Hormuz
SadaNews - Oman has announced that an oil tanker was targeted north of the port of Khasab in the Musandam Governorate, near the Strait of Hormuz, in a development that reflects the escalating risks surrounding maritime shipping movements in the region following a US-Israeli attack on Iran and Tehran...
أزمة إيران تهدد بأسوأ اضطراب في أسواق الغاز منذ 2022
What is at stake in the oil markets after the attack on Iran?
SadaNews - The decision by US President Donald Trump to strike Iran creates new risks that threaten a significant portion of global oil supplies.
The Islamic Republic pumps around 3.3 million barrels per day, accounting for 3% of global production, making it the fourth largest producer in the Org...
Barclays: Oil Prices Could Reach $80 per Barrel
SadaNews Economy - Barclays Bank stated that Brent crude could rise to around $80 per barrel in the event of significant supply disruptions, as tensions between the United States and Iran remain high.
The bank said, "While it is entirely possible that escalation does not lead to supply interruption...