International Economy
Back to Homepage
Ship Owners Await Details of Agreement to Open Hormuz for 800 Stranded Vessels
SadaNews - Ship owners have rushed to understand the details of a ceasefire agreement that may temporarily open the Strait of Hormuz, hoping to take advantage of a potential window to free more than 800 vessels stranded in the waters of the Arabian Gulf.
The near-total closure of this vital waterwa...
الذهب يواصل مكاسبه بعد إعلان تعليق الهجمات على إيران
Oil Drops 14% After Trump Announces Ceasefire
SadaNews Economy - Oil fell below $100 a barrel on Wednesday after U.S. President Donald Trump announced his agreement to a two-week ceasefire with Iran, provided that the Strait of Hormuz is reopened immediately.
Brent crude dropped by $14.84, or 13.6%, to $94.43 per barrel, while West Texas Inter...
Collective decline in Bitcoin and risky assets as Trump’s deadline approaches
SadaNews - The price of Bitcoin fell in Asia on Tuesday, as cryptocurrencies were affected by broader market volatility with the approaching deadline set by President Donald Trump for Iran.
The largest cryptocurrency dropped by 2.2%, trading around $68,800 at 1:15 PM Singapore time. The decline wip...
Oil prices continue to rise as Trump's deadline approaches
SadaNews - Oil prices have risen for the third consecutive day after U.S. President Donald Trump escalated his threats to destroy key Iranian infrastructure if his demands are not met by the deadline on Tuesday.
Brent crude traded near $111 a barrel after a 0.7% increase in the previous session, wh...
Gold Continues Its Decline Amid Expectations for Developments in the Iran War
Economy SadaNews - Gold declined slightly, continuing its drop for the second day, as traders assessed the latest threat from U.S. President Donald Trump to destroy Iranian infrastructure and the impact of the ongoing war on economic growth.
The precious metal fell to $4,632 per ounce, having lost...
Protests in Germany Against Arming Israel and Converting Volkswagen Factory for Military P...
SadaNews - German citizens in the city of Osnabrück criticized their country’s export of weapons to Israel, expressing their rejection of the plan to convert a factory in their city owned by "Volkswagen" into military production for the benefit of Israel, describing it as "terrifying."
This critici...
Saudi Arabia Adds Record Premium to Its Oil Prices for Asia Amid Iran War
SadaNews - Saudi Arabia has added a record premium to the price of its main crude oil heading to Asia, at a time when Iran's near closure of the Strait of Hormuz is choking off energy flows in the region, while increasing uncertainty about the duration of the conflict adds volatility to markets.
Sa...
Syria Signs Contract with Saudi "Addis" to Increase Gas Production
SadaNews - The "Syrian Petroleum Company" announced that it has signed a contract with the Saudi "Addis" company to increase and develop gas fields in Syria.
The company stated in a statement published by the "SANA" news agency that the contract includes maintenance...
Oil Stabilizes Amid Reports of Possible Ceasefire Negotiations Between Washington and Tehr...
SadaNews - Oil prices stabilized as traders monitored reports of diplomatic moves for a ceasefire in the Middle East, following a new warning from U.S. President Donald Trump to Iran if the Strait of Hormuz is not reopened.
Brent crude traded below $110 a barrel, shedding most of its early gains, w...
Qatar's Non-Oil Private Sector Enters a Phase of Contraction in March Affected by War Cond...
SadaNews Economy - The non-oil private sector in Qatar has entered a clear state of contraction during March, influenced by the repercussions of regional conditions related to war. A recent report showed that the Purchasing Managers' Index sharply declined to record 38.7 points, compared to 50.6 poi...
Bloomberg: OPEC+ Set to Increase Oil Supplies Today
SadaNews Economy - The "OPEC+" alliance intends to adopt an increase in oil production quotas for May, in a move that is largely symbolic, amid restrictions imposed by the Iran war on production and oil flows for several major members of the alliance.
According to delegates familiar with the discus...