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Rising Gas Prices Put Trump in the Face of Increasing Political Danger
SadaNews Economy - NBC News revealed, citing informed sources, that U.S. President Donald Trump is increasingly concerned about the implications of rising gas prices on financial markets, warning that these developments could pose a political risk to his position.
According to the report, Trump i...
"Weapon of Last Resort".. When Do Countries Use Their Strategic Oil Reserves?
SadaNews - The importance of strategic oil reserves in global markets is increasing as disturbances in energy trade expand, amid the U.S.-Israeli war on Iran, disruptions to navigation in the Strait of Hormuz, and the declaration of "force majeure" by several major oil and gas companies in the Gulf,...
Rising Commodity Prices in Gaza Due to Shortages Caused by Israeli Measures
SadaNews Economy: The prices of goods and many essential items in the Gaza Strip are experiencing a noticeable increase as the partial closure of the Israeli crossings continues.
With the onset of the war on Iran, Israel closed all crossings and prevented the entry of any goods before reopening the...
4 Tips for Stock Investors to Face the Aftermath of War
SadaNews - The escalating tensions in the Middle East following the US-Israeli war on Iran are testing investors' ability to navigate this phase with wise financial decisions that help them cope with uncertainty and avoid losses in their investment portfolios.
The CEO of Strategies at Fortress Inve...
Fitch: $5 Billion Potential Losses for the Marine Insurance Sector
SadaNews - Fitch Ratings has stated that the withdrawal of marine insurance against war risks on ship structures in the Gulf could negatively impact the credit rating of U.S. companies specializing in property and casualty insurance, which are significantly exposed to shipping activities in the Gulf...
Oil Surpasses $100 Despite Historic Reserve Withdrawal Decision
SadaNews - Brent crude has once again jumped above the $100 per barrel mark after Oman evacuated ships from an oil export terminal, and two tankers were attacked in Iraqi waters, as the risks associated with the war with Iran expand throughout the Middle East.
The global benchmark for oil rose by u...
International Energy Agency Decides to Release 400 Million Barrels from Oil Reserves
SadaNews - The International Energy Agency has agreed to pump 400 million barrels from emergency oil reserves in the largest withdrawal operation ever, as governments seek to contain rising energy prices driven by the war in the Middle East.
"The scale of the challenges facing the oil market is unp...
European Central Bank Monitors Risks of Rising Fuel Prices
SadaNews - Joachim Nagel, member of the Governing Council of the European Central Bank and President of the German Central Bank (Bundesbank), stated in remarks to Reuters that the bank will act "swiftly and decisively" if rising fuel prices due to the war with Iran lead to a sustained increase in in...
Iran Exports 11.8 Million Barrels of Oil to China Since the Outbreak of the War
SadaNews - Iran has continued to send large quantities of crude oil through the Strait of Hormuz to China, despite the ongoing U.S.-Israeli war against Tehran which has put oil supplies via this maritime passage at risk.
Samir Madani, co-founder of the company TankerTrackers, stated that Iran has s...
Oil Fluctuates as IEA Proposes Record Withdrawals from Reserves
SadaNews - Oil gave up its previous gains and its prices fluctuated around the $87 per barrel mark, following a report by the "Wall Street Journal" which indicated that the "International Energy Agency" is proposing the largest drawdown from reserves in its history to combat rising prices caused by...
Asian Stocks Rise as Oil Shock Fears Subside
SadaNews - Asian stocks extended their gains, with oil trading below $90 a barrel, following a report about the potential release of oil reserves to calm rising energy prices, which boosted market confidence.
The "MSCI Asia-Pacific Index" rose by 1.9%, marking its second consecutive day...
Gold Prices Rise Above $5,200 Amid Expectations for Iran War Path
SadaNews - Gold prices rose after a report indicated that the International Energy Agency is proposing the largest withdrawal from oil reserves ever, in order to mitigate the demand shock caused by the war in the Middle East.
Gold surpassed the $5,200 per ounce level after gaining 1% in the previou...