International Economy
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Closure of the Strait of Hormuz Reduces Global Gas Supplies by 20% and Increases Prices
SadaNews - The International Energy Agency announced in its report issued today, Friday, that the disruption of shipping traffic through the Strait of Hormuz since the beginning of March has led to a decline of about 20% in global liquefied natural gas supplies from the market.
The report indicated...
Oil Continues to Rise Amid Rising Tensions Over the Strait of Hormuz
SadaNews - Oil prices have risen for the fourth consecutive day amid ongoing tensions between the United States and Iran over the Strait of Hormuz, following the failure of negotiations to hold a new round of peace talks.
Brent crude was trading near $104 per barrel after jumping about 13% in the l...
Gold Falls Below $4,700 as Dollar and Oil Rise
SadaNews - The price of gold has declined as the United States' extension of the ceasefire with Iran leaves markets facing the implications of the Strait of Hormuz crisis, affecting energy security and keeping inflation risks high.
The precious metal dropped by as much as 1% to below $4,700 an ounc...
Is the Global Economy Heading Toward the Worst-Case Scenario with the Blockade of Iran's P...
SadaNews - The blockade imposed by American forces on Iranian ports has heightened concerns about its negative effects on the global economy, especially after the U.S. Navy seized an Iranian cargo ship attempting to breach the blockade, with Tehran vowing to respond.
The International Monetary Fund...
Market losses of $6 billion lead to the ousting of the CEO of 'Trump Media'
SadaNews - The company "Trump Media & Technology," owner of the Truth Social platform, announced that it will replace its former CEO, a former Congressman and one of President Trump's prominent supporters, after a collapse in share price resulted in billions of dollars in losses for investors.
The...
النفط يحافظ على مكاسبه بسبب حصار هرمز رغم تمديد الهدنة
الذهب يعاود الارتفاع مع تراجع الدولار وتمديد هدنة إيران
Amazon Strengthens Investments with Anthropic by $5 Billion
SadaNews - Amazon announced yesterday evening, Monday, that it is expanding its partnership with competitor Anthropic, the rival of "OpenAI", through a new multi-billion dollar investment.
Amazon stated that it will initially invest $5 billion in the company developing the chat robot "Claude", with...
Oil Prices Fall Amid Signs of Iran’s Participation in Pakistan Talks
SadaNews - Oil prices fell amid indications that Iran will attend negotiations with the United States in Islamabad, before the ceasefire between the two sides expires.
Brent crude fell by as much as 1.1% to $94.44 per barrel after rising by 5.6% on Monday.
Iran is sending a team to the Pakistani c...
Gold Falls as New Round of Peace Talks Between US and Iran Awaits
SadaNews - The price of gold has declined as traders gauged the prospects of reaching a negotiated settlement to the war in Iran, which has disrupted global energy supplies and increased inflation risks.
The precious metal fell by as much as 0.6% to trade near $4,789 per ounce, after having decline...
Silver ounce approaches $4,787... while silver is near $79 per ounce
SadaNews - The price of an ounce of gold today, Monday, reached $4,787, while the price of an ounce of silver stood at $79, amid ongoing fluctuations in the precious metals markets due to rising geopolitical tensions in the region, particularly in light of the war with Iran and the impending end of...
"International Energy" Proposes Establishing a Pipeline Between Iraq and Turkey to Bypass...
SadaNews - Fatih Birol, the executive director of the International Energy Agency, proposed the creation of a new oil pipeline linking the oil fields in Basra, Iraq, to the Ceyhan oil terminal on the Mediterranean Sea in Turkey, aiming to reduce reliance on the Strait of Hormuz, according to the Tur...