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Oil Continues to Decline with Increased Flows through Hormuz and Progress in Iran Talks
SadaNews - Oil declined for the third day in a row as flows through the Strait of Hormuz increased, with signs of progress in the indirect talks between the United States and Iran.
Brent crude for September delivery traded close to $71 a barrel, having dropped more than 3% in the previous two sessi...
Gold Recovers After Waller's Speech and Easing Tension Over U.S. Rate Hike
SadaNews - Gold continued its recovery following a speech by U.S. Federal Reserve Chair Kevin Waller that eased speculations about a possible interest rate hike this year to combat inflation.
The precious metal rose by as much as 0.9% trading around $4,060 an ounce, after closing up 0.6% in the p...
Aluminum Prices Drop to Lowest Level Since February Amid Dollar Strength
SadaNews - Aluminum prices have dropped to their lowest level since mid-February, as the strength of the US dollar continues and the easing tensions in the Middle East exert pressure on commodities.
The industrial metal also continued to incur losses after falling 16% in June, marking the largest m...
Bitcoin Drops Below $60,000
SadaNews - The cryptocurrency Bitcoin has dropped below the $60,000 level, recording $58,626 today, Wednesday, continuing its monthly losses.
The decline was driven by concerns raised by "MicroStrategy," the world's largest publicly traded company holding Bitcoin, following a revision of its financ...
World Gold Council: The second half of 2026 is a critical turning point for gold prices
SadaNews - The World Gold Council predicts that the price of gold will hover around the range of $4100 per ounce until the end of the year based on current market conditions. This is the first time the council has published a specific figure after previously only offering scenarios and estimates of...
World Bank Approves $700 Million Loan for Jordan
SadaNews - The Board of Executive Directors of the World Bank approved a loan of $700 million to support Jordan in transforming economic stability into stronger private investments and more and better job opportunities. According to the Bank's statement on Wednesday, the Development Policy Financing...
Oil Stabilizes Amid Anticipation of Washington-Tehran Talks Results
SadaNews - Oil stabilized after its largest quarterly decline since the COVID-19 pandemic, with traders monitoring peace talks between the United States and Iran and the resumption of shipping through the Strait of Hormuz.
Brent crude traded above $73 per barrel, after falling by nearly a third ove...
Gold Falls for the Third Day Under Pressure from Prospects of U.S. Rate Hike
SadaNews - Gold has declined for the third day as traders assess signals that the Federal Reserve may move to tighten monetary policy while also following the peace talks between the United States and Iran.
Spot gold fell to about $3970 per ounce after declining 2% over the previous two sessions, r...
Cherkas: National Economy Grows by 2.9% Thanks to Proactive Government Measures
SadaNews Economy - The Governor of the Central Bank of Jordan, Dr. Adel Cherkas, confirmed that the national economy achieved a real growth of 2.9% during the first quarter of 2026, continuing a clear upward trajectory in economic performance, following a growth of 2.7% in the first quarter of 2025...
Iraq Offers Big Discount to Buyers for Importing Basra Oil
SadaNews - According to Reuters, the Iraqi Oil Marketing Company (SOMO) has offered a significant discount on the official selling prices to contracted buyers to attract them to import Basra crude oil from its terminal in the Gulf in July.
The discount for Basra medium crude ranged between $14 and...
الفقر يتجاوز 80%.. مخيمات شمال لبنان تطالب الأونروا بوقف تقليص المساعدات
Gold Drops Below $4,000 as U.S. Rate Hike Bets Renew
SadaNews - Gold continued its decline to below $4,000 an ounce, as the United States and Iran sent mixed signals ahead of new talks to end a war that has fueled global inflationary pressures.
The precious metal fell by as much as 1.8% to $3,984, the lowest level during trading since November, after...