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How Will Oil Be Affected If Tensions Between Washington and Tehran Escalate?
SadaNews - The escalating tensions between the United States and Iran have already pushed oil prices to their highest levels in six months. Oil traders are closely monitoring any potential escalation that could disrupt Iran's crude production or push its government to close a vital shipping route us...
Gold prices approach $5186 per ounce and silver hovers around $90
SadaNews - The prices of precious metals, gold and silver, recorded an increase in global markets today, driven by rising investor demand for safe-haven assets amidst uncertainty in global financial markets.
Gold approached the level of $5186 per ounce during trading on Wednesday, as investors lean...
"Lucid" Slows Production Pace Amid Challenges Hitting the Electric Vehicle Sector
SadaNews - The company "Lucid" intends to increase the production of electric vehicles, but at a slower pace in 2026, following a year marked by production difficulties and a decline in demand for battery-operated vehicles in the United States.
The electric vehicle manufacturer stated that it will...
3 Scenarios.. How Will Insurance Companies Be Affected in Case of a US Attack on Iran?
SadaNews - Babak Tafasooli, Chief Political and Credit Risk Analyst at Scor, said in a post on "LinkedIn" that a US attack on Iran is now the most likely scenario following the steps Washington has taken to bolster its military presence in the region recently.
Tafasooli noted what he described as t...
Implementation of Trump's New 10% Tariffs on Imports from Countries Worldwide Begins
SadaNews - New U.S. tariffs on imported goods came into effect today, Tuesday, as President Donald Trump seeks to reshape his trade agenda following the Supreme Court's rejection of a broad range of global tariffs he had imposed.
These new tariffs, outlined in an executive order issued on Friday, a...
Oil Prices Continue to Rise Amid Heightened Tensions Between Washington and Tehran
SadaNews - Oil prices have risen as traders evaluate the prospects of reaching a nuclear deal with Iran, while U.S. President Donald Trump stated he prefers a diplomatic solution but warned of consequences if an agreement is not reached.
Brent crude rose near $72 per barrel after closing slightly l...
Financial Times: Lebanon Considers Selling Gold Reserves to Save Banks and Economy
SadaNews - The British newspaper "Financial Times" reported that politicians and bankers in Lebanon are considering the possibility of selling or leasing part of the central bank's large gold reserves to save the country from the repercussions of its economic and financial crisis, especially amid ri...
Gold prices decline amid profit-taking after a surge
SadaNews - Gold has declined as traders took profits following four days of gains fueled by uncertainty surrounding U.S. trade policy and escalating tensions in the Middle East.
The precious metal fell by as much as 1.6%, before trimming some of its losses, as Chinese traders returned on Tuesday af...
Morgan Stanley: The Swiss Franc, Similar to Gold, Is Set to Rise
SadaNews - The Swiss franc may rise by up to 17% against the dollar, driven by growing confidence in its status as a safe haven, amid increasing uncertainty surrounding U.S. policies, according to Morgan Stanley.
Analysts led by David Adams stated in a memo that the decline in inflation in Switzerl...
China Urges the United States to Cancel Unilateral Tariffs
SadaNews - China urged the United States on Monday to eliminate the "unilateral" tariffs announced by President Donald Trump, following the U.S. Supreme Court's annulment of a large portion of the fees imposed since he returned to the White House, noting that it is assessing the implications of the...
Lagarde: Tariff Moves Threaten Trade Balance Between Europe and America
SadaNews - European Central Bank President Christine Lagarde stated that the latest tariff moves by U.S. President Donald Trump could disrupt the balance that was previously negotiated between the European Union and the United States, and could represent a new headwind for the economy.
Lagarde adde...
Oil Prices Fall Amid Anticipation of Nuclear Negotiation Results with Iran
SadaNews - Oil prices have fallen as investors assess the prospects of a nuclear deal between the United States and Iran, with further negotiations on this matter expected later this week while U.S. forces gather in the Middle East.
Brent prices fell to nearly $71 a barrel after closing with little...