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Iran on Monday issued sweeping threats to deploy naval mines across the Gulf and strike power infrastructure throughout the Middle East, defying a United States ultimatum to reopen the Strait of Hormuz as the military confrontation with Washington and Israel entered its fourth week. The Islamic Republic showed no sign of backing down ahead…
US President Donald Trump has halted threatened strikes on Iranian energy infrastructure, declaring a five-day ceasefire to pursue a “complete and total resolution” of hostilities. The reversal comes less than 24 hours after the President threatened to dismantle Iran’s electricity grid, a move that sent global markets into a tailspin. In a characteristically blunt announcement…
Nigeria’s nascent battle against inflation faces a fresh assault from global energy markets, despite a marginal dip in headline figures. Data for February 2026 shows inflation eased to 15.06% year-on-year, down from 15.10% in January. While this appears positive compared to the 26.27% recorded a year ago, the Centre for the Promotion of Private Enterprise…
Iran’s energy minister, Abbas Aliabadi, has accused the United States and Israel of “terrorist and cyberattacks” that have decimated the country’s vital water and electricity infrastructure. Speaking on Sunday via the ISNA news agency, Aliabadi revealed that dozens of water treatment plants and transmission facilities have been hit, leaving critical supply networks in tatters. These…
Saudi Arabia’s Supreme Court has declared that Friday will mark Eid al-Fitr, the Islamic festival celebrating the conclusion of Ramadan, following confirmation that Thursday represents the 30th and final day of the holy month. “The Supreme Court has decided that tomorrow, Thursday, is the completion of the 30th day of the month of Ramadan….
Nigeria has been classified among 31 African countries requiring external food assistance as global food insecurity deepens amid rising oil prices and the escalating Middle East conflict, according to assessments released by the United Nations Food and Agriculture Organisation and the World Food Programme. The World Food Programme warned on Tuesday that approximately 10.4…
Iran’s football federation has entered negotiations with FIFA to relocate the national team’s group stage matches at the 2026 World Cup from the United States to co-host Mexico, citing security concerns following statements by American President Donald Trump and the ongoing military conflict that has claimed the life of Iran’s Supreme Leader and triggered…
The escalating military conflict between the United States, Israel, and Iran has triggered a severe disruption to international air transport, with average airfares recording increases exceeding 100 percent across multiple routes as Middle Eastern carriers suspend operations indefinitely and major global airlines reroute flights away from the region. The crisis, which has forced the…
United States President Donald Trump said Sunday that Washington was engaged in discussions with Iran over the ongoing conflict but indicated Tehran remained unprepared to conclude a deal, even as Iran’s foreign minister categorically denied any such talks were taking place. Speaking aboard Air Force One, Trump confirmed the existence of diplomatic contacts when…
The Centre for the Promotion of Private Enterprise has warned that Nigerian businesses face mounting existential threats from the current surge in global energy prices, driven by escalating geopolitical tensions in the Middle East that have pushed crude oil to $100 per barrel and refined fuel above N1,000 per litre. In an advisory note…
