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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...
Oil and Dollar Rise Following Trump's Threats of Severe Strikes Against Iran
SadaNews - President Donald Trump's speech regarding the war on Iran immediately impacted oil and precious metal markets.
The world is watching with concern the ongoing war in Iran, which has lasted for over a month, amid the closure of the Strait of Hormuz, through which approximately 20 per...
Among Oil-producing Countries: A Wave of Rising Fuel Prices Hits the Region... What About...
SadaNews Economy - Energy markets in the Middle East are experiencing an unprecedented wave of rising fuel prices, driven by escalating geopolitical tensions and rising global oil prices, amid warnings of larger jumps if crises continue, particularly with threats related to the closure of the Strait...
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...
Global Stocks Rise as Oil Prices Fall Ahead of Federal Reserve Meeting
SadaNews - Global stocks extended their rise to the third day, with investors overcoming short-term geopolitical tensions and looking for signs of stability, despite the ongoing Iran war disrupting energy markets and raising inflation fears. Oil prices fell.
The MSCI All Country World Index, the...
Gold and Silver Prices Drop, Oil Prices Rise Globally
SadaNews Economy - Gold prices fell today, Friday, heading toward a weekly loss, amid a rise in the dollar to levels close to its highest in a month, while investors await the release of key U.S. inflation data to assess the Federal Reserve's monetary policy direction.
Gold dropped 0.1 percen...
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...
Decline in Global Gold and Oil Prices
SadaNews Economy - Gold prices closed lower at the end of the first trading day of the new year.
The U.S. gold futures contracts declined by (0.3%) at settlement to reach (4329.6) dollars per ounce, while gold in spot transactions increased by (0.28%) to reach (4326.23) dollars per ounce.
For...
Serbia Ready to Increase Spending to Regain Control of the Only Oil Refinery from Russia
SadaNews - Serbia has expressed its readiness to pay a higher price to regain control of the oil refining company "NIS AD", while looking for ways to separate the Russian-owned company from intensified U.S. sanctions, according to President Aleksandar Vučić on Sunday.
Vučić said during...