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Financial and Banking Expert: Markets Perceive Gulf Tensions as 'Unusual Escalation Within...
Exclusive to "SadaNews" - Financial and banking expert Mohamed Salama confirmed that global financial markets perceive the U.S.-Iranian skirmishes in the Gulf region as an "unusual escalation," but it remains within a containment ceiling.
Salama told "SadaNews" that...
Oil Prices Surge as US Airstrikes on Iran Renew
SadaNews - Oil prices surged again as the United States launched airstrikes on targets in Iran for the second day, heightening risks to energy supplies from the region.
Brent crude rose by up to 1.5%, surpassing $79 per barrel, while West Texas Intermediate traded near $74 per barrel.
Brent co...
Oil Prices Rise as Tensions Return to Hormuz
SadaNews - Oil prices rose after attacks on ships in the Strait of Hormuz, highlighting the ongoing risks threatening movement in the waterway.
Brent crude climbed to nearly $73 a barrel, while West Texas Intermediate surpassed $69.
The British Maritime Trade Operations Authority reported that...
Oil Prices Rise Amid Escalating Tensions Between the US and Iran
SadaNews Economy - Oil prices rose today, Thursday, after the United States began launching attacks against Iran, reviving fears of a return to comprehensive war in the region.
Just hours after the onset of US strikes, the Supreme Joint Military Command in Iran announced the closure of the Strait...
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...