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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: 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…
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,…
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…
OPEC+ adds barrels as Hormuz shipping impasse jolts oil markets
Sopuruchi Onwuka, with agency reports In response to the escalating shipping crisis at the Strait of Hormuz triggered by recent strikes on Iran, key members of the OPEC+ oil cartel have agreed to a modest increase in oil production, seeking…
