The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
United States President Donald Trump claimed American forces have established total control over the Strait of Hormuz. His declaration follows a sharp escalation in maritime enforcement across the Persian Gulf trade passage. US Central Command reported firing Hellfire missiles to disable a cargo vessel attempting to dock at an Iranian port in breach of the…
Global crude prices surged further after diplomatic talks to reopen the crucial Strait of Hormuz stalled. Brent crude futures moved higher while U.S. West Texas Intermediate extended a 10 percent rally racked up over the past week. Energy markets reacted sharply as hopes for a quick diplomatic deal between Washington and Tehran vanished. The stalemate…
Iran’s Revolutionary Guards declared on Sunday that they will not reopen the Strait of Hormuz until Washington meets all of Tehran’s demands. Guards spokesman Hossein Mohebi described the vital maritime chokepoint as an active theatre of war rather than a simple shipping route. The announcement directly contradicts optimistic signals from White House officials regarding imminent…
Global oil prices slipped below $80 a barrel as energy traders bet on a diplomatic breakthrough between Washington and Tehran. Brent crude fell to three-month lows following signs of an impending deal and the reopening of the Strait of Hormuz. Traders stripped away the heavy geopolitical risk premium that previously inflated energy costs. Additional crude…
Global oil prices fell sharply on Monday as a pause in American air strikes offered rare respite to nervous energy markets. Brent crude slid more than 5% to $92 a barrel after two weeks of intense military action. Washington halted its bombardment of Iranian sites over the weekend to give diplomacy a chance. Tehran responded…
Brent crude closed above $100 a barrel on Thursday for the first time since late May, after Iran aligned Houthi fighters struck Saudi oil tankers in the Red Sea and opened a second maritime front in a conflict that has already crippled traffic through the Strait of Hormuz. The international benchmark settled 7 percent…
President Donald Trump has approved a sweeping nuclear cooperation agreement with Saudi Arabia that could eventually hand the kingdom the ability to enrich uranium on its own soil, a decision landing at the most volatile moment in Gulf security in years and one that has already drawn resistance from lawmakers in Washington and officials…
The United States has launched a devastating wave of punitive airstrikes against Iran following the first American combat deaths since renewed fighting destabilised the Middle East. US Central Command confirmed it completed an eighth consecutive night of heavy bombardments on Sunday. The operation targeted Islamic Revolutionary Guard Corps infrastructure, coastal surveillance systems, and air defence…
American warplanes pounded targets across southern Iran again on Thursday while Tehran fired drones and missiles at United States bases and allies in the Gulf, driving the reignited war over the Strait of Hormuz into a punishing sixth day and reviving fears of a fresh global oil shock. The US military said it launched…
The United States dollar retreated against major currencies on Tuesday after a sharper than expected slowdown in American inflation weakened the case for a Federal Reserve interest rate increase this month, even as a fresh flare up between Washington and Tehran over the Strait of Hormuz kept crude oil prices elevated and markets…