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Oil crisis portends chaos on global economy__ Aramco CEO
Ziggy Ojiegbe The Chief Executive Officer of Saudi Aramco, Amin Nasser, has warned that continued disruptions to global energy supply could have “catastrophic” consequences for the world economy as tensions in the Middle East escalate. Speaking to analysts and investors…
Oil crunch: European forces mobilizing to reopen Strait of Hormuz
Sopuruchi Onwuka Military hardware from several European countries is being assembled in Cyprus following recent missile and drone attacks by Iran, as the United States and Israel intensify their aerial campaign against the Islamic Republic. The conflict has triggered a…
Asia’s EV Revolution Accelerates on Iran War Oil Shock
Ziggy Ojiegbe The shift from internal combustion engine vehicles to electric vehicles (EVs) across Asia is gaining fresh momentum as fuel prices surge following the war in Iran, which has rattled global oil markets. Southeast Asia, where the transition to…
Cracks visible in Iran’s leadership as new strikes light up Tehran
Ziggy Ojiegbe Palpable cracks are emerging within Iran’s leadership at a time when the country is facing intensifying attacks from the United States and Israel, raising doubts about who is directing Tehran’s war strategy as the conflict enters its second…
Iran issues ‘Shoot-to-Kill’ order on protesters as wartime unrest Intensify
Ziggy Ojiegbe Iran’s government has issued a stark warning to citizens, authorizing security forces to shoot anyone suspected of aiding the country’s enemies as tensions rise during the ongoing war with Israel and the United States. In statements broadcast on…
Sailing Iran’s ships turns risky after US submarine sank frigate
Sri Lanka evacuates crew from another Iranian ship Ziggy Ojiegbe Sri Lanka has evacuated 208 crew members from an Iranian naval vessel off its coast following escalating maritime clashes involving Iranian and U.S. forces in international waters. The evacuation came…
Iran shops mediators as Trump demands ‘unconditional surrender’
Israel Intensifies Strikes on Lebanon and Iran Ziggy Ojiegbe Iranian President Masoud Pezeshkian said Friday that Tehran is working with several unnamed countries to mediate an end to the expanding conflict with the United States and Israel. The war, now…
Fuel price jump looms as crude price hits $90/b on Strait of Hormuz closure
Sopuruchi Onwuka Nigerians should brace fuel price jumps as crude oil prices in the international market continues rise on the back of worsening military confrontations among parties and interests in the prevailing Iran war. Oracle Intelligence reports that crude oil…
U.S. dismisses Iranian overtures for talks as war intensifies
Ziggy Ojiegbe Iranian intelligence agencies have quietly signaled to the United States that Tehran might be open to discussions about ending the war, according to people familiar with the indirect messages. But U.S. officials say no negotiations are currently taking…
Airlines resume cautious flights amidst Middle East airspace risks
Virgin Atlantic has become the latest airline to resume operations from the United Arab Emirates, operating its first flight to London Heathrow since regional airspace closures began following the escalation of the US-Israel conflict with Iran. The British carrier’s scheduled…
