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Oil Nears $107 Amid Doubts About Trump's Plan in Hormuz
SadaNews - Oil prices stabilized as traders doubted the effectiveness of U.S. President Donald Trump's plan for the United States to direct neutral ships through the Hormuz Strait, while reports indicated that a tanker had come under attack in the waterway.
There was little change in the pric...
Brent Stabilizes Near $111 Amid Continued Closure of Hormuz
SadaNews - Oil prices stabilized as investors focused on the next steps in peace talks regarding the war with Iran, amidst the almost complete closure of the vital Strait of Hormuz, prolonging the disruptions that have unsettled global markets.
Brent crude traded near $111 per barrel after rising...
Oil Drops 11% After Tehran Announces Opening of the Strait of Hormuz
SadaNews - Oil prices fell by more than 11% after Iran announced the complete opening of the Strait of Hormuz to commercial ships throughout the ceasefire period reached with Washington.
The London Stock Exchange and the "Investing.com" website reported that the price of Brent crude fel...
Ministry of Transportation: Temporary and Limited Adjustments to Transportation Fare Tarif...
SadaNews - The Ministry of Transportation stated, "In light of the exceptional circumstances that the region is experiencing and the ongoing rise in fuel prices both globally and locally, and in light of the Ministry's responsibility to maintain the sustainability of the public transport se...
Predictions of a 12.5% Increase in Gasoline Prices in Israel Next Month
SadaNews Economic Translation - If the Israeli Ministry of Finance does not decide to reduce the production tax, the fuel price is expected to rise by 12.5% next month to reach around 7.90, according to estimates from the Israeli Institute of Energy and Environment, which represents oil and fuel com...
Oil Falls 7% Amid Cautious Market Watch as Hopes for War End Rise
SadaNews - Oil prices fell as indications suggested that the U.S. diplomatic push to end the war with Iran could gain momentum, outweighing reports of additional troops being sent to the region, and the continued closure of the Strait of Hormuz for the most part.
Brent crude dropped by as much as...
Soaring Oil Prices Burn the Pockets of the Palestinian Citizen "The Poor"
Exclusive to SadaNews: Due to the intensifying geopolitical risks stemming from the American-Israeli war on Iran, global market fears of a shortage in oil and energy supplies have surged, witnessing significant increases in oil prices, with the price per barrel nearing the $120 mark, amid warnings o...
Oil Continues to Rise Amid Increasing US Threats to Iran
SadaNews - Oil prices rose for the third consecutive day after US President Donald Trump warned Iran that it must reach a nuclear deal or face military strikes, reviving fears of potential disruptions and supply outages in the Middle East.
The prices of March delivery Brent crude contracts increa...
Oil Prices Rise After Reducing Losses in the Opening Session
SadaNews - Oil prices rose after reducing their losses in the weekly opening session, as investors balanced the implications of renewed trade tensions between the United States and China against global demand prospects.
Brent crude traded above $63 a barrel after rising in the previous session fo...
Oil Prices Decline as Traders Focus on Easing Tensions in the Middle East
SadaNews - Oil prices declined as traders focused on the easing tensions in the Middle East and rising U.S. inventories.
Brent crude fell below $66 a barrel after rising over 1% on Wednesday, while West Texas Intermediate stabilized near $62.
U.S. President Donald Trump stated that Israel and...