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Oil prices continue to decline as barrels speed their return from Hormuz to the markets
SadaNews - Brent crude has wiped out all its gains during the war, as flows through the Strait of Hormuz increased following progress in a peace agreement between the United States and Iran.
The global benchmark continued to decline for the fourth session, dropping below $72.48 a barrel, which was...
The Luster of Gold Dims with the Rise of the Dollar and Possible U.S. Interest Rate Hike
SadaNews - Gold continued its decline, a day after the recovery of the U.S. dollar and the possibility of rising interest rates pushed the metal below $4,000 an ounce for the first time since November.
The precious metal fell by as much as 0.9% to around $3,995, after giving up nearly 3% in the pre...
For the First Time Since November.. Gold Falls Below $4000 an Ounce
SadaNews -The price of gold has fallen below $4000 an ounce for the first time since last November, as the continued rise of the U.S. dollar puts pressure on the precious metal's price.
The price of the yellow metal dropped by 3% as the strength of the U.S. currency increased, raising the cos...
European stocks fall as investors assess US-Iran talks
SadaNews Economy - European stocks fell during trading on Wednesday as investors assessed developments related to negotiations between the US and Iran, while shares of defense company Rheinmetall declined following a media report that Germany intends to abandon plans to build its largest warship sin...
Qatar Expects to Resume LNG Production Normally Within Weeks
SadaNews - Qatar expects to resume liquefied natural gas (LNG) production normally within weeks, as maritime traffic gradually begins to return through the Strait of Hormuz, while Doha relies on a hot line between the United States and Iran to prevent any uncontrolled parties from disrupting the reo...
Oil Prices Near New Low as Tanker Traffic Improves Through Hormuz
SadaNews - Oil prices continued their decline as more tankers openly crossed the Strait of Hormuz, while the United States and Iran indicated progress toward ending the war.
Brent crude fell below $77 per barrel after a 1.1% decline in the previous session, while West Texas Intermediate was around...
Gold Falls for the Second Day Under Pressure from Strong Dollar and Tech Stock Sell-Off
SadaNews - Gold fell for the second day, pressured by the strength of the U.S. dollar and a sell-off in stocks led by technology, prompting investors to reduce their holdings of the precious metal and cover losses elsewhere.
Spot gold dropped by as much as 1.2% to below $4,071 an ounce, after losin...
Oil Continues to Decline Amid Signs of Progress in Peace Talks and U.S. Exemption for Iran
SadaNews - Oil continued its decline amid signs of progress towards an agreement to end the war with Iran, including the issuance of a U.S. exemption allowing some sales of crude oil and fuel from Tehran.
Brent crude was trading below $78 a barrel after falling 3.3% on Monday, while West Texas Inte...
Gold Drops as Inflation Fears Rise and U.S. Rate Hike Prospects Loom
SadaNews - Gold prices declined amid increasing inflation fears, overshadowing the optimism that prevailed at the beginning of negotiations aimed at ending the conflict between the United States and Iran.
The precious metal's price fell by up to 1.2% to below $4,130 an ounce, retreating from the sl...
أميركا تصدر ترخيصا لمدة شهرين يجيز توريد وبيع النفط الإيراني
Bank of America Expects 3 Rate Hikes for U.S. Interest Rates in 2026
SadaNews - The Global Research Department at Bank of America has raised its forecasts for U.S. interest rates, predicting that the Federal Reserve will implement three consecutive rate hikes during 2026, marking a significant shift from its previous estimates, which indicated leaving rates unchanged...
Oil Falls After Signs of Progress in Washington-Tehran Talks
SadaNews - Oil decreased following indications of progress in peace talks between Washington and Tehran, which seemed to have begun on a shaky note after U.S. President Donald Trump issued a new threat against Iran.
Brent crude dropped to around $79 per barrel, relinquishing earlier gains of up to 2...