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A fresh strain has entered already tense global relations after Donald Trump disclosed that United States forces intercepted a vessel allegedly transporting military supplies from China to Iran during an ongoing ceasefire period involving Tehran. Speaking on CNBC on Tuesday, Trump described the shipment as “a gift from China” and added that it “wasn’t…
Global renewable energy capacity reached an unprecedented 5,149 gigawatts in 2025, marking a watershed moment in the worldwide transition away from fossil fuel dependence. The International Renewable Energy Agency disclosed the figures in its Renewable Capacity Statistics 2026 report, which documents the addition of 692 GW during the year and positions renewables as the dominant…
Global oil prices dropped sharply and stock markets rallied on Wednesday after reports emerged that the United States had transmitted a peace proposal to Iran, while Tehran announced it would allow vessels it deemed non-hostile through the Strait of Hormuz, offering the first concrete signs that nearly four weeks of conflict could be winding…
Global energy markets witnessed a dramatic convulsion yesterday as crude oil prices surged to new heights. Nigeria’s premium grade, Bonny Light, soared to $78 per barrel following intensified rhetoric from Washington. This price level represents the highest peak for the national crude grade since last August. Concurrently, the international benchmark, Brent crude, rallied by nearly…
