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Gold Rises as Inflation Concerns Ease Following U.S.-Iran Negotiations
SadaNews - The price of gold rose as efforts renewed toward finding a diplomatic solution to the war in Iran, easing inflation-related concerns, despite ongoing tensions around the Strait of Hormuz.
The precious metal increased by as much as 1% to approach $4,838 per ounce, erasing most of the loss...
International Monetary Fund: The Jordanian Economy is Steadily on the Right Track
SadaNews - The International Monetary Fund announced that it has reached a staff-level agreement with the Jordanian government regarding the fifth review of the economic reform program supported by the Extended Fund Facility arrangement and the second review under the Resilience and Sustainability F...
South Korea Secures 270 Million Barrels of Oil Through Routes Unaffected by Strait of Horm...
SadaNews - A senior official in Seoul announced today, Wednesday, that South Korea has secured supplies of over 270 million barrels of crude oil through routes that were not affected by the U.S. blockade of the Strait of Hormuz.
The director of the president's office in the South Korean capital, Ka...
Trump Administration Moves to Restore Tariffs to Pre-Cancellation Levels by July
SadaNews Economy - U.S. Treasury Secretary Scott Vilsack indicated that the tariffs imposed by President Donald Trump could be restored by July to the levels they were at before the Supreme Court annulled many of those tariffs.
Vilsack said during an event for the "Wall Street Journal" in Washingto...
Global Stocks Rise Amid Bets on the End of the Iran War
SadaNews Economy - Global stocks are witnessing a notable rise driven by optimism regarding the resumption of talks between the United States and Iran to end the war, as several major markets have managed to erase the losses incurred since the onset of the conflict in the Middle East.
The "CSI 300"...
Rise in Oil Prices Amid Continued Uncertainty Over Middle East Supplies
SadaNews: Oil prices rose on Wednesday amid ongoing uncertainty regarding crude supplies from the Middle East, the main production region, as the Strait of Hormuz remains closed.
Brent crude futures rose by 0.8% to $95.56 a barrel, following a decline of 4.6% in the previous session.
U....
Gold Rises as Inflation Fears Decline Thanks to Falling Oil Prices
SadaNews Economy - Gold prices have rebounded after reaching their lowest levels in about a week in previous sessions, supported by falling oil prices amid hopes for the resumption of peace talks between the United States and Iran, which contributed to calming inflation fears.
The price of gold in...
IMF Reduces Global Growth Forecast to 3.1% in 2026 Due to War
Sada News Economy - The International Monetary Fund warned on Tuesday that the global economy is at risk of deviating from its path again due to the war in the Middle East, predicting a slowdown in global growth to 3.1% this year, and to 3.2% next year, compared to about 3.4% during 2024-2025, with...
Energy Agency: Iran War Erases Global Oil Demand Growth This Year
SadaNews - The International Energy Agency has reported that global oil demand will decline this year for the first time since the 2020 pandemic, as rising prices from the Middle Eastern conflict undermine growth.
The agency, which advises major economies, stated in its monthly report: "The Iran Wa...
Optimism Regarding Iran War Talks Pushes Bitcoin to Highest Level in 4 Weeks
SadaNews - Bitcoin has risen to its highest level in four weeks, with high-risk assets gaining on the hopes that the United States may reach an agreement with Iran to end the conflict between them.
The largest cryptocurrency surged to $74,901, the highest level since March 17, before trimming its...
Georgieva: The Strength of Gulf Economies Supported Regional Stability During the War
SadaNews - Kristalina Georgieva, the Managing Director of the "International Monetary Fund", confirmed that the strength of the economic fundamentals in the Gulf countries contributed to supporting the stability of the region's economies during the war between the United States and Iran.
Georgieva...
Wall Street Rises on Hopes of Easing Despite Hormuz Blockade
SadaNews - U.S. stocks closed at the highest levels of the session, returning to rise in expectations for 2026, after U.S. President Donald Trump stated that Iran still wishes to strike a deal, following a stalemate in peace talks and the imposition of a blockade by the United States on the Strait o...