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Dangote warns rising oil prices may ground Nigerian airlines
Demands subsidies for farmers Ziggy Ojiegbe, with agency reports Chairman of the Dangote Group, Aliko Dangote, has called on the Nigerian government to introduce targeted subsidies for farmers, warning that surging global oil prices could cripple both agriculture and aviation…
Oil slumps as Strait of Hormuz reopens despite U.S. blockade on Iran
Ziggy Ojiegbe Iran said it has fully reopened the Strait of Hormuz to commercial shipping, triggering a sharp drop in global energy prices and raising cautious optimism that tensions with the United States may be easing, even as Washington insists…
UN warns Hormuz disruption could trigger global food crisis
Ziggy Ojiegbe The United Nations has warned that ongoing disruptions in the Strait of Hormuz could trigger a global food crisis, as constrained flows of fuel and fertilizers threaten agricultural production and raise the risk of higher food prices worldwide….
Trump threatens further military action if Iran challenges Hormuz control
Frank Okon President Donald Trump on Monday warned of additional military action against Iran, hours after U.S. naval forces began enforcing a blockade around the Strait of Hormuz, escalating tensions in one of the world’s most critical energy corridors. In…
U.S. Naval Forces seize Strait of Hormuz as Europe scrambles support
Ziggy Ojiegbe U.S. naval forces have effectively assumed control of the Strait of Hormuz following the collapse of nuclear negotiations with Iran, in a move that is rapidly reshaping security dynamics across one of the world’s most critical energy corridors….
Oil chiefs demand Trump to reject Iran’s toll on Hormuz
Ziggy Ojiegbe Senior oil industry executives have reportedly urged the administration of Donald Trump to oppose Iran’s proposal to impose tolls on vessels passing through the Strait of Hormuz, a critical global energy corridor. According to U.S. media reports, executives…
IEA demands lasting Iran war deal to stabilize oil market
Head of the International Energy Agency (IEA), Fatih Birol, has warned that a lasting agreement between the United States and Iran is essential to stabilize global energy supplies, as uncertainty lingers despite a temporary ceasefire. He said the recently announced…
Iran tightens grip on Hormuz, threatens vessels amid ceasefire
Tensions in the Gulf have escalated sharply as Iran moves to tighten control over the Strait of Hormuz, raising fresh concerns about global energy supplies despite a fragile ceasefire with the United States. Reports from semi-official Iranian outlets, including Islamic…
Russia, China veto UN resolution on reopening Strait of Hormuz
Ziggy Ojiegbe Despite the biting global fuel supply squeeze, Russia and China vetoed a United Nations Security Council resolution aimed at reopening the Strait of Hormuz, a critical maritime chokepoint that carries about a fifth of the world’s oil. Oracle…
Iran chases back Qatar’s LNG vessels from Strait of Hormuz
Ziggy Ojiegbe Tensions in the Persian Gulf are beginning to disrupt global energy flows, as Iran tightens its grip on key shipping routes. Two liquefied natural gas carriers — the Al Daayen and Rasheeda — have turned back toward Qatar…
