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Energy prices surge after Iran’s strike at Qatar LNG sparks regional outrage
Benchmark Brent crude touches $119/bbl Sopuruchi Onwuka, with agency reports Global energy markets jolted on Thursday after Iran struck Qatar’s Ras Laffan LNG facility, threatening 20 percent of global LNG supply, triggering sharp rises in oil and gas prices and…
UN says renewables guarantee security amid global energy shocks
Ziggy Ojiegbe The conflict in the Middle East is driving up global oil and gas prices, underscoring the strategic value of renewable energy, the UN’s top climate change official warned on Monday. Speaking at the 2026 Green Growth Summit in…
Civilians bear brunt as Middle East conflict escalates, UN says
Frank Okon The escalating war in the Middle East is taking a growing toll on civilians, UN experts warned on Monday during a briefing to the Human Rights Council in Geneva. Independent investigators highlighted rising violence following Israeli and U.S….
Iran opens Strait of Hormuz to non-American allies
Ziggy Ojiegbe Iran’s foreign minister announced that the Strait of Hormuz remains open to all vessels except those of the United States and its allies. The statement comes after President Trump threatened to strike Iranian oil facilities. Late Friday, the…
Iran suffers heavy blows but inflicts global economic pain
Ziggy Ojiegbe The Institute for the Study of War has declared that the US and Israeli military campaigns on Iran are right on target when it comes to firepower and core objectives to degrade Tehran’s military capabilities. The institute however…
Iran opens talks with countries willing to negotiate sail cargoes across Hormuz
* Blames US-Israel attacks for closure The government of Iran has said countries seeking to move cargo through the Strait of Hormuz should negotiate directly with Tehran for safe passage, as tensions escalate following military actions by the United States…
Ground offensive looms as Trump deploys additional war ships, troops
Frank Okon The United States is increasing its military presence in the Strait of Hormuz as Washington and its allies work to restore safe passage for global oil and cargo shipments. The narrow waterway, which carries roughly a fifth of…
Oil crunch worsens as Iran attacks Saudi air base, UAE oil port
Ziggy Ojiegbe Iran launched missile and drone attacks targeting Saudi Arabian air base that hosts U.S. forces, and an oil export facility in the United Arab Emirates, according to multiple media reports. The Prince Sultan Air Base was struck by…
UN demands urgent $14 bn to save 87m people
Laments $1bn/day war in Iran Frank Okon Some 87 million people worldwide face the risk of death unless the international community urgently provides more than $14 billion in humanitarian aid, the United Nations emergency relief chief warned Thursday. Speaking in…
Oil surges past $100 as Iran strikes ships and energy targets
Dangote likely to hike domestic fuel prices Frank Okon Retail prices of transportation fuels in Nigeria are far from stable as the war in the Middle East continues to cause fluctuations in the crude oil prices, compelling similar pattern of…
