Economy

Comprehensive coverage of market news, finance, business, and economic development.

Oil Prices Rise by 8% This Week Amid Ongoing Tensions in the Middle East

Oil prices achieve weekly gains, with Brent crude above $108 per barrel, while West Texas Intermediate rose by 8%. Tensions in the Strait of Hormuz and the disruption of Iranian exports are among the main factors supporting prices.

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about 2 months ago

Nagham Bilal

Oil Prices Rise by 8% This Week Amid Ongoing Tensions in the Middle East

Oil prices achieve weekly gains, with Brent crude above $108 per barrel, while West Texas Intermediate rose by 8%. Tensions in the Strait of Hormuz and the disruption of Iranian exports are among the main factors supporting prices.

...

#Oil

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CEO of Yara International Warns: 10 Billion Meals at Risk and the Poor Will Pay the Highest Price for the Hormuz Blockade

2 months ago

Mahmoud Khalaf

CEO of Yara International Warns: 10 Billion Meals at Risk and the Poor Will Pay the Highest Price for the Hormuz Blockade

In an international warning cry today, Friday, Sven Tore Holsether, CEO of the Norwegian giant "Yara", issued an early alert about an impending global food crisis.

Guterres Warns of an 'Economic Earthquake': Global Growth Decline and Rising Inflation Due to the Strait of Hormuz Crisis

UN Secretary-General António Guterres expressed deep concern today, Thursday, about the accelerating deterioration of maritime security in the Gulf region, warning of the catastrophic consequences of reducing navigation rights and freedoms in the Strait of Hormuz.

Gold Rises from Lowest Level in a Month Supported by Dollar Decline Despite Oil Surge

Gold prices rose from their lowest level in a month supported by a decline in the dollar, amid fluctuations in energy markets and rising oil and other precious metal prices.

Oil Prices Surge Above $125 as Tensions Rise Between Washington and Tehran

Oil prices surge above $125 amid rising tensions between the U.S. and Iran and fears of global supply disruptions, with political decisions expected to change market trajectories in the near future.

America: Iran's Oil Losses Exceed $6 Billion Due to Naval Blockade

The U.S. military announced that the blockade imposed on Iranian ports continues to reduce Iranian oil revenues, amid escalating economic and political tensions and a sharp decline in the value of the local currency.

The U.S. Federal Reserve Holds Interest Rates Steady at the End of Jerome Powell's Term Amid Unprecedented Division

A decisive move by the Federal Reserve at the end of Jerome Powell's term keeps interest rates unchanged amid internal division and widespread anticipation of the implications for the U.S. economy.

U.S. Stocks Decline Amid New Fears of AI Slowdown

U.S. stocks declined in Tuesday's session as fears of a slowdown in the AI sector intensified, putting pressure on technology stocks and igniting anticipation in the markets ahead of major companies' results this week.

Gold Prices Today: Cautious Stability Amid Anticipation of U.S. Federal Decisions

Stability in gold prices dominates global markets, while investors await Jerome Powell's statements regarding the implications of the Iran war, amid economic tension and anticipation of decisive decisions that may soon determine price directions.

Oil Prices Drop Amid Rising Iran Sanctions and UAE Withdrawal from OPEC+

Oil prices unexpectedly dropped after a wave of increases, amid rising tensions in global markets, with anticipation of the impact of Iran sanctions and the UAE's decision to withdraw from "OPEC+", in developments that could reshape the global energy landscape.

The American blockade disrupts the movement of Iranian oil tankers in Chabahar

"Tanker Trackers" reported the congestion of several Iranian oil tankers off the port of Chabahar amid escalating disruptions in maritime navigation in the Strait of Hormuz. This comes with a noticeable decline in maritime crossing activity amid tensions and restrictions imposed on the region.

Earthquake in Energy Markets: UAE Announces Exit from OPEC and OPEC+ Alliance and Plans to Increase Production

In an unprecedented historical move that has shifted the balance of power in global energy markets, the United Arab Emirates officially announced today, Tuesday, its exit from the Organization of the Petroleum Exporting Countries "OPEC" and the expanded "OPEC+" alliance.

ADNOC Plans to Invest Tens of Billions in a Huge Gas Project in America

ADNOC intends to invest tens of billions of dollars in a huge gas project in the United States as part of a global expansion plan that includes the full value chain of the energy sector, in a move that enhances its presence in the liquefied natural gas market and opens wide investment horizons in the American market.

LNG Tanker Crosses the Strait of Hormuz for the First Time Since the Outbreak of War Against Iran

An LNG tanker crosses the Strait of Hormuz for the first time since the outbreak of war against Iran, marking a significant development in maritime traffic in one of the world's most important maritime routes for energy.

Gold Prices Today: Notable Decline Amid Anticipation of Interest Rate Decisions and US-Iran Talks

Gold prices fell today as markets await US-Iran talks and central bank decisions on interest rates, amid sharp fluctuations in energy and dollar markets.

Oil Soars Above $111... Is the Hormuz Strait Crisis Escalating?

Oil prices globally surged above $111 per barrel amid rising tensions between the United States and Iran and the continued closure of the Hormuz Strait, raising market concerns about the future of energy supplies.

Washington Escalates: Iranian Oil Nears Total Collapse

U.S. Treasury Secretary Scott Bissent stated that Iranian oil production is nearing collapse amid escalating sanctions and economic pressures, marking a new step in the financial strangulation policy targeting Tehran.

Middle East Crisis Threatens Stability of Air Travel in Europe

The European Union warned of potential disruptions in air travel in the coming period due to escalating geopolitical tensions, while continuing to monitor the implications that could affect the aviation sector and fuel supplies in Europe.

Bitcoin Jumps to Highest Level in 12 Weeks as Markets Improve

Bitcoin reaches its highest level in 12 weeks, nearing $80,000, supported by improved markets and strong institutional inflows.

Airlines Request $2.5 Billion from Trump Administration Amid Rising Fuel Crisis

Low-cost airlines in the United States are seeking new government support amid increasing pressures on the sector due to rising operating costs and fuel prices, a move that may reopen discussions on state intervention in the aviation market.

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