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Gold Prices Continue to Decline Amid Inflation Fears Due to Iran War
SadaNews - The price of gold has sharply decreased, influenced by the rise of the US dollar and inflation risks, as oil prices approached 120 dollars per barrel, amidst the ongoing war in the Middle East entering its second week.
Gold prices dropped by as much as 3% to around 5015 dollars per ounce...
How Does the Iranian Conflict Disrupt Global Trade?
SadaNews - On the evening of March 1, an oil tanker shut off its transponder about 25 kilometers (15 miles) east of the Emirate of Sharjah before disappearing amid heavy signal interference over the Strait of Hormuz, the narrow waterway connecting the Arabian Gulf to the open ocean. After ten hours,...
The Struggle with Iran Ignites a Global Race to Secure Vital Fertilizers
SadaNews - Cheet Edinger had already purchased most of the fertilizers needed for his corn and soybean farm last year, but on Monday morning, as war broke out in the Middle East, he rushed to secure a few last trucks of urea for the vast fields he cultivates near Mitchell, South Dakota.
He said ove...
Clive Crook: Iran War Raises Risks to the U.S. Economy to 'Acute' Level
SadaNews - U.S. President Donald Trump's unprecedented decision to strike Iran and risk igniting a wider conflict in the Middle East raises the level of risk that the U.S. economy faces from "very high" to "acute." This new shock is not happening in isolation but adds additional pressures to a...
With over 360 horsepower: The new Smart car resembles the original small car only in name
SadaNews - Last week, it seemed that the nightmare of the global energy market was turning into reality. The Strait of Hormuz, through which about 20% of the world's oil supplies pass, was effectively closed; giant oil tankers were attacked and abandoned off the coast of Oman; drones targeted on...
Formula 1 Owner Loses $2 Billion in Market Value Due to Iran War
SadaNews - The market value of the "Formula 1" Championship, owned by "Liberty Media", has decreased by more than $2 billion since the outbreak of the Iran War, amid growing concerns over the scheduled races in the Middle East, casting a shadow over a sport that is among the most popular around the...
War Drives Oil Prices to Record Highs
SadaNews Economy - The price of American oil recorded its largest weekly gains in history, following the eighth day of the war between the United States and Israel on one side, and Iran on the other, which disrupted vital energy flows in the market, and nearly stopped shipping traffic through the "S...
Shock in U.S. Job Data Shakes Confidence in Labor Market
SadaNews Economy - The U.S. economy recorded an unexpected decline in jobs in February amid a strike by healthcare workers and cold temperatures, while the unemployment rate rose to 4.4%, which could indicate a deterioration in labor market conditions, placing the Federal Reserve in a difficult posi...
Dollar Prepares for Largest Weekly Gain in Over a Year
SadaNews Economy - The US dollar remained generally stable in Asian trading on Friday and was poised to achieve its largest weekly gains in over a year, driven by escalating conflict in the Middle East and increased demand for safe-haven assets.
The euro and yen continued to face ongoing pressure a...
India Activates 'Emergency Powers' to Secure Cooking Gas Amid Middle East Crisis
SadaNews Economy - India has activated emergency powers and issued orders for refineries to maximize production of liquefied petroleum gas to avoid cooking fuel shortages due to supply disruptions caused by the crisis in the Middle East, according to a government order.
India, the world's second-la...
Gold Rises but Heads for First Weekly Decline in a Month
SadaNews Economy - Gold prices rose today, Friday, after recovering some of their losses from the previous session, which exceeded 1%, as investors turned to the precious metal as a safe haven amid increasing uncertainty regarding the escalation of conflict in the Middle East.
Spot gold increased b...
Russian Oil Finds Its Way Back to India Thanks to Iran War
SadaNews - Data from ship tracking has shown that two shipments of Russian oil, originally headed for East Asia, have changed course towards India, indicating that New Delhi is becoming more open to receiving Russian crude as the conflict in the Middle East escalates.
Data from Kpler and Vortexa in...