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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…
Uk, Nigeria sign landmark £746 million ports deal
Sopuruchi Onwuka The United Kingdom and Nigeria have signed a landmark £746 million ports redevelopment deal, marking one of the largest recent trade and investment partnerships between the two countries and signalling a major push to modernize Nigeria’s maritime infrastructure…
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…
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…
Dynacom tanker slips through Hormuz flashpoint without signal
Ziggy Ojiegbe A tanker carrying about one million barrels of Saudi crude oil has quietly sailed through the strategically vital Strait of Hormuz, becoming one of the first large vessels to leave the Persian Gulf since maritime traffic through the…
Outrage as Dynacom pushes tankers through dreaded Strait of Hormuz
Ziggy Ojiegbe Security analysts and maritime unions have expressed outrage after global shipping company Dynacom Tankers continued sending its vessels through the dangerous Strait of Hormuz despite threats from Iran to attack ships entering the waterway. The narrow maritime corridor,…
How high seas protection could empower West Africa
Ziggy Ojiegbe The economic fortunes of artisanal fishers in Nigeria and neighboring West Africa nations will drastically improve over time if coordinated policies are implemented to curb currently ongoing overfishing and allow healthier stocks repopulate in high seas and spill…
Japa: Death tolls on Mediterranean routes amplify the cost of diaspora remittances
By Sopuruchi Onwuka More than 3,000 African migrants died in the Mediterranean Sea in 2025 while attempting dangerous crossings into Europe, according to a new report by Spanish NGO Caminando Fronteras. The report highlights the desperation that pushes young skilled…
IMO reworking net-zero framework for easy adoption
Proposed delay in the implementation of the Net-Zero Framework (NZF) by the International Maritime Organization’s (IMO) will give member states time to refine ambiguous or contentious elements to produce a stronger, more implementable framework for marine transport. According to analysis…
Bunker fuel to double global LNG demand by 2030
Demand for liquefied natural gas as a marine fuel will at least double by 2030 as abundant supply and rising emissions regulations spur orders for ships that can run on it, according to industry executives quoted in a Reuters’ report…
