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Goldman Sachs lifts oil outlook as Hormuz disruption reshapes global markets
Goldman Sachs has sharply raised its oil price outlook for 2026, pointing to the prolonged disruption in the Strait of Hormuz as a defining shock to global energy markets. The bank now expects Brent crude to average $85 per barrel…
Oil soars above $100/bbl over mix Iran war signals
Ziggy Ojiegbe Oil prices climbed sharply above $100 per barrel on March 24 as geopolitical tensions in the Middle East intensified, underscoring growing market anxiety despite signs of diplomatic engagement. The surge came just a day after the United States…
Oil prices remain high as Iran threatens energy chaos to deter U.S. strikes
Ziggy Ojiegbe Rising tensions in the Middle East kept crude oil and natural gas prices elevated on Monday, as global markets reacted to escalating threats involving Iran, the United States, and Israel. Iran warned it could intensify attacks on energy…
Trump’s threat: Iran says Strait of Hormuz accessible with coordination
Ziggy Ojiegbe Iran is ready to cooperate with the International Maritime Organization to improve maritime safety and protect seafarers in the Gulf, walking back from confrontation with the United States of America which gave 48 hours for the waterway to…
Shell puts $750m cost to Iran’s attack on Qatar’s Pearl GTL plant
Fred Ike Shell is facing an estimated $750 million hit to revenues following Iran’s attack on its Pearl gas-to-liquids facility in Qatar, adding to the wider disruption across the country’s energy sector. The Pearl GTL plant, located within Ras Laffan…
QatarEnergy, ExonMobil count over $28bn losses on Iran strikes
Sopuruchi Onwuka Estimated cost and income losses from Iran’s strikes on Qatar’s gas infrastructure have climbed to about $28.57 billion, as QatarEnergy and ExxonMobil assess the damage to key liquefied natural gas facilities. The attacks on 18 and 19 March…
Iran shops mediators to end war with US, Israel
Ziggy Ojiegbe Masoud Pezeshkian has called on the BRICS group to intervene and mediate a ceasefire in the escalating conflict involving the United States and Israel, urging what he described as an independent effort to halt ongoing hostilities and prevent…
LNG Force Majeure! How Iran exports war pains across global economies
Sopuruchi Onwuka Iran’s missile strikes on Qatar’s gas infrastructure have delivered a systemic shock to global energy markets, exposing the vulnerability of domestic economies to external supply disruptions and triggering a renewed economic squeeze worldwide. The attacks, launched on March…
Iran war: Death toll climbs to 4,195 across 12 countries
Sopuruchi Onwuka, with agency reports At least 4,195 people have been killed across 12 countries in the three weeks since the United States and Israel launched strikes on Iran on February 28, triggering a wave of retaliatory attacks across the…
NSIA dairy deal to create 7,500 jobs, strengthen food supply
Sopuruchi Onwuka The Nigeria Sovereign Investment Authority (NSIA) has signed a Memorandum of Understanding (MoU) with UK‑based Asset Green Limited to develop an integrated dairy livestock production and processing platform in Nigeria. The partnership represents a major step toward transforming…
