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Global oil markets recorded sharp gains on Monday following the collapse of planned peace negotiations between the United States and Iran, prolonging an eight-week military standoff that continues to disrupt international shipping. US President Donald Trump abruptly cancelled a scheduled diplomatic mission to Pakistan over the weekend, citing a lack of substantial progress, while…
Tehran has designated alternative shipping routes through the Strait of Hormuz, citing the presence of sea mines as it begins a tentative two-week reopening of the world’s most vital energy artery. The Islamic Revolutionary Guard Corps issued the directive on Thursday, instructing vessels to follow specific entry and exit paths to avoid “maritime safety hazards.”…
Oil prices climbed on Monday as a fresh cycle of threats between Washington and Tehran dashed hopes for a diplomatic truce. President Donald Trump used his Truth Social platform to warn of an imminent strike on Iranian power plants and bridges. He demanded that Iran bow to his terms for reopening the Strait of Hormuz….
President Donald Trump has warned that the United States will hit Iran “extremely hard” for the next two to three weeks to force an end to the month-long conflict. In a televised address from the White House on April 1, Trump claimed the war’s “core strategic objectives” are nearly met. He sought to reassure a…
Iran launched a fresh salvo of ballistic missiles at Israel on Tuesday morning, ending a brief lull in the regional conflict. A loud explosion echoed across Jerusalem as the Israeli military worked to intercept multiple waves of incoming fire. State-run Iranian media claimed the projectiles successfully bypassed several layers of the “Iron Dome” and “David’s…
Global oil markets swung sharply upward on Wednesday, recovering five per cent after a brief retreat to $88 per barrel the previous day, as the conflict involving the United States, Iran, and Israel continued to drive volatility across energy markets and its consequences rippled directly into Nigeria’s fuel economy. Brent crude climbed to $92.43…
The United States Embassy in Abuja has cancelled all visa appointments scheduled for Wednesday, 4 March 2026, citing “high potential” for violent protests. This precautionary measure follows the reported death of Iran’s Supreme Leader, Ayatollah Ali Khamenei, during joint US-Israeli airstrikes over the weekend. American citizens residing in the Federal Capital Territory have been strongly…
