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Oil Prices Drop as Hopes for Easing Iran War Outweigh Escalation Fears
SadaNews - Oil prices fell as indications emerged that Washington and Tehran might revive peace talks, following the United States' initiation of a blockade on the Strait of Hormuz.
Brent crude dipped to nearly $97 per barrel, while West Texas Intermediate crude fell by up to 3.4% to $95.69.
These...
Gold Prices Rise, Approaching $4760 Per Ounce
SadaNews - Gold rose slightly after a two-day decline, with improved optimism regarding the possibility of reaching a negotiated solution to the war between the United States and Iran, easing inflation fears.
The precious metal was close to $4760 per ounce, recovering part of the 0.6% loss incurr...
LNG Imports for Asia Hit Lowest Level in 6 Years
SadaNews - Liquefied natural gas (LNG) imports in Asia have fallen to their lowest level in nearly six years, as the conflict in the Middle East chokes supplies and forces buyers to reduce consumption.
The 30-day moving average for net shipments to the region fell below 600,000 tons over the weeken...
Iranian Oil Tankers Under Sanctions Arrive in India for the First Time in 7 Years
SadaNews - Two large oil tankers, subject to sanctions and carrying Iranian crude oil, have docked off the ports in India, which may represent the first shipments of this type to reach the country in nearly seven years, at a time when the United States is intensifying efforts to limit Tehran's expor...
Oil Prices Surge as Washington Moves to Impose Blockade on Strait of Hormuz
SadaNews - Oil and natural gas prices have risen as the United States moves to impose a blockade on the Strait of Hormuz following failed weekend talks between Washington and Tehran to reach an agreement, exacerbating a global energy crisis that has shaken markets.
Brent crude rose by as much as 9....
Gold Falls Amid Rising Inflation Fears and Hormuz Crisis
SadaNews - Gold has fallen amid rising concerns about inflation, following the conclusion of peace talks between the United States and Iran without reaching an agreement, and intensifying U.S. plans to impose a blockade on the Strait of Hormuz, shocking global energy supplies.
The precious metal dr...
Failure of US-Iran Negotiations May Cast a Shadow Over Risk Assets
SadaNews - The failure of the United States and Iran to reach a peace agreement over the weekend is expected to pressure market sentiment and bolster demand for safe assets on Monday, according to analysts.
Both sides failed to secure an agreement during talks held in Pakistan, which may result in...
Through the Global Economy.. Iran's War Fuels Inflation and Weakens Sentiment
SadaNews - High fuel prices, caused by the Iranian war, are leading to a sharp rise in inflation and a decline in consumer confidence.
In the United States, a record surge in gasoline prices has resulted in the largest increase in the Consumer Price Index, which is closely monitored, in nearly four...
Saudi Arabia: Recovery of Manifa Oil Field and East-West Pipeline from Iranian Attacks
SadaNews - The "Manifa" oil facility and the East-West pipeline in Saudi Arabia have restored their operational capacity after being damaged due to Iranian strikes, according to the Saudi Ministry of Energy.
The statement from the ministry, issued today, clarified that the repair and rehabilitation...
Two Oil Tankers Halt Transit Through Hormuz Amid Collapse of Islamabad Talks
SadaNews - Two giant empty oil tankers turned back just before entering the Strait of Hormuz on Sunday, coinciding with the failure of peace talks between the United States and Iran, putting the fragile ceasefire under renewed pressure.
Tracking data showed that three very large crude oil tankers...
"Bloomberg Economics": A Sharp Slowdown Awaits the Global Economy Amid Rising Effects of t...
SadaNews - A fragile ceasefire in Iran has kept oil prices hovering below $100 per barrel, while markets assess the likelihood of peace or escalation. The baseline scenario at "Bloomberg Economics" represents a continued struggle of lesser intensity somewhere between these possibilities.
The impact...
Gold ounce prices register near $4,748 and silver near $75
SadaNews - Global gold prices today, Sunday, recorded levels close to $4,748 per ounce.
Meanwhile, silver prices reached about $75 per ounce, amid ongoing sharp fluctuations in the precious metals markets due to geopolitical tensions in the Middle East and the world, and their impact on the global...