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QatarEnergy, ExonMobil count over $28bn losses on Iran strikes
Sopuruchi Onwuka Estimated cost and income losses from Iran’s strikes on Qatar’s gas infrastructure have climbed to about $28.57 billion, as QatarEnergy and ExxonMobil assess the damage to key liquefied natural gas facilities. The attacks on 18 and 19 March…
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…
Oil crunch: Why price incentives cannot boost Nigeria’s output
Sopuruchi Onwuka Nigeria, Africa’s biggest oil producer and key member of OPEC, is often counted as a potential fallback supplier whenever global oil markets are shaken. But the prevailing supply crisis linked to tensions around Iran and the risk to…
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…
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…
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…
