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Two Indian-flagged vessels carrying liquefied petroleum gas have successfully crossed the Strait of Hormuz, marking a rare instance of commercial shipping movement through the critical waterway that has been effectively closed by Tehran amid escalating conflict in the Middle East. Rajesh Kumar Sinha, special secretary of India’s ministry of ports, shipping and waterways, confirmed…
Renewed Iranian attacks on energy infrastructure have pushed Brent crude back above $101, neutralising a record release of strategic reserves by the International Energy Agency (IEA). Despite the IEA dumping 400 million barrels into the market, the effective closure of the Strait of Hormuz has kept traders on edge. Roughly one-fifth of the world’s crude…
Several American warplanes crashed in Kuwait on Monday morning during a third day of Iranian retaliatory strikes across the Gulf. The Kuwaiti Ministry of Defence confirmed that all crew members survived and are currently in stable condition at a local hospital. Authorities have launched an investigation into the cause of the crashes, which occurred amid…
The Dangote Group has officially secured a long-term gas supply agreement with subsidiaries of the NNPC. This landmark pact ensures a steady flow of natural gas to the conglomerate’s massive industrial complex. Specifically, the Nigerian Gas Infrastructure Company will facilitate the delivery of feedstock to the Dangote Refinery. The agreement also covers energy requirements for…
