With attacks shifting decisively toward critical oil and gas infrastructure across the Gulf, the Iran war has entered a dangerous new phase, one that is already reverberating through global energy markets and military calculations. To this end, oil prices surged sharply yesterday, with Brent crude briefly climbing above $119 per …
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Abia State Governor, Dr. Alex Otti, has noted that the current windfall from increased oil prices, partly triggered by the geopolitical tensions in the Middle East has boosted Nigeria’s fiscal space, adding that for a resource-dependent economy like Nigeria, this moment offers both relief and opportunity. Otti spoke weekend at …
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The World Health Organisation has raised a fresh alarm over the humanitarian toll of the ongoing military offensive by the United States and Israel against Iran, revealing that over 1,800 people have been killed and 12,500 others injured in less than two weeks. WHO Director-General Tedros Adhanom Ghebreyesus, in …
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Eight Islamic and Arab countries on Thursday condemned Israel for keeping Al-Aqsa Mosque in Jerusalem closed during the Muslim holy month of Ramadan. Israel has shut all holy sites in east Jerusalem’s Old City for security reasons after it began airstrikes with the United States against Iran that have sparked …
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Mohammad Mokhber, a senior aide to the late supreme leader Ayatollah Ali Khamenei, says Iran has no intention of negotiating with the United States. Mokhber said this on Wednesday while speaking with State TV, stressing that Iran can continue the Middle East war for as long as needed. According to …
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Energy experts and downstream operators have warned that Nigeria may witness a fresh increase in petrol and diesel prices if global crude oil prices surge above $90 per barrel amid escalating tensions between the United States and Iran. The warning comes as hostilities in the Middle East triggered fresh volatility …
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Following the Middle East crisis sparked by US-Israeli strikes in Iran, natural gas prices spiked by nearly 50% on Monday after QatarEnergy, one of the world’s biggest exporters, halted production following “military attacks” on its facilities. The oil and gas prices surge, BBC reports, is just as Iran continues to launch …
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President Donald Trump imposed an additional 10 percent tariff on imports into the United States after the Supreme Court struck down many of his sweeping and often arbitrary duties, delivering a stinging rebuke to his signature economic policy. Members of the media raise their hands to ask questions to US …
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