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Oil Maintains Gains Near $114 as Tensions Rise in Hormuz
SadaNews - Oil prices have retained most of their strong gains following an escalation of tensions in the Middle East, after a gunfire exchange between the United States and Iran, attacks on ships near the Strait of Hormuz, and the return of Iranian attacks on energy infrastructure.
Brent crude tra...
Gold prices approach $4,549 per ounce
SadaNews - Gold maintained its losses as the United States and Iran exchanged fire in the Arabian Gulf on Monday, threatening the ceasefire that has been in place for four weeks, increasing inflation risks and interest rate hikes.
The metal traded near $4,549 per ounce, after dropping 2% on Monda...
Georgieva Warns of Much Worse Outcomes If Iran War Lasts Until 2027
SadaNews - Kristalina Georgieva, the Managing Director of the International Monetary Fund, warned on Monday that inflation has already begun to rise and the global economy may face "much worse outcomes" if the war in the Middle East extends to 2027 and oil prices reach around $125 per barr...
Oil Nears $107 Amid Doubts About Trump's Plan in Hormuz
SadaNews - Oil prices stabilized as traders doubted the effectiveness of U.S. President Donald Trump's plan for the United States to direct neutral ships through the Hormuz Strait, while reports indicated that a tanker had come under attack in the waterway.
There was little change in the pric...
Gold Nears $4,603 After Weekly Losses Amid Anticipation of Iran Talks Outcome
SadaNews - Gold and silver prices are experiencing fluctuations, especially after gold recorded a decline for the second consecutive week, as traders follow the progress towards reaching an agreement between the United States and Iran, and U.S. President Donald Trump's plan to begin directing some s...
Germany's Economy Threatened by Huge Losses Due to Trump's Tariffs
SadaNews - The Kiel Institute for the World Economy predicts that the increase announced by U.S. President Donald Trump in tariffs on cars and trucks coming from the European Union will result in losses in German production of up to approximately 15 billion euros, equivalent to about 17.6 billion do...
Gold prices near $4,614 per ounce.. and silver near $75
SadaNews - Precious metal prices recorded today near the level of $4,614 for an ounce of gold, according to the data circulating in the markets, and this comes as part of the daily price movements experienced by the global metals markets.
The price of an ounce of silver also reached $75, according...
Iranian Official: We Have Started Reducing Oil Production to Avoid Exceeding Production Ca...
SadaNews - An Iranian official told "Bloomberg" that Tehran is working to reduce oil production to avoid exceeding production capacity limits, instead of waiting for the tanks to fill completely.
The official added, "Iranian engineers have learned under the pressure of years of wars and sanctions h...
European Central Bank Keeps Interest Rate at 2%
SadaNews Economy - The European Central Bank has kept the interest rate at 2% in line with expectations.
Continues..
Jordan's Central Bank Decides to Maintain Interest Rates
SadaNews - The Open Market Operations Committee at the Central Bank of Jordan decided on Thursday to keep the "central bank's main interest rate" unchanged at its current level of 5.75%, while maintaining the interest rates of various monetary policy tools unchanged.
This decision by the Open Marke...
Report: Federal Reserve Split Signals Difficulties for Incoming President
SadaNews – The J.P. Morgan Asset Management institution confirmed that the unusual division within the Federal Reserve presents an early challenge for the incoming president of the bank, Kevin Warsh, noting that the dissent within the Fed reflects an increasing concern about price levels, oil prices...
Iran War Pressures German Industry with Raw Material Shortages
SadaNews Economy - A recent report has shown that German industrial companies are receiving fewer quantities of materials due to the Iran war.
The percentage of companies that reported supply chain bottlenecks during April has reached 13.8%, more than double its level in January when it was at 5.8%...