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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…
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…
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…
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…
Over 27,000 flights, 4.4m seats cancelled as travelers stranded in Middle East
Frank Okon More than 27,000 flights to and from the Middle East to international destinations have been cancelled, with an estimated 4.4 million airline seats removed from schedules over the past week as Iranian regime ratchets bombardment of neighboring Arab…
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…
