•UK flag Britain’s economy slowed in the second quarter, the national statistics office reported today, saying that output remained “robust” despite domestic political unrest and fallout from the US-Iran war. Gross domestic product increased 0.4 percent in the April-June period after GDP expansion of 0.6 per cent in the first quarter, the Offi...
•The German navy’s minehunter boat “Fulda” The United Nations has today urged countries involved in the Middle East war to help evacuate and repatriate some 6,000 sailors stranded in the Strait of Hormuz. UN human rights chief Volker Turk called for urgent action to remedy the plight of thousands of stranded seafarers, who a...
•Ras Tanura’s oil production plant near Dammam in Saudi Arabia Saudi Arabia’s economy has shown resilience in the face of headwinds triggered by the Middle East war thanks in part to energy and logistics infrastructure that bypasses the Strait of Hormuz, the IMF said today. The Gulf has borne much of the brunt of the […]
India’s state-run oil companies raised petrol and diesel prices by more than three percent today as disruption to energy supplies due to the Iran war mounts pressure on the economy. The increase marks the first hike in automobile fuel prices in India since the war broke out in February, prompting Iran’s near-total blockade of the […]...
•Arleigh Burke-class guided-missile destroyer USS Rafael Peralta (DDG 115) implementing a maritime blockade against the Iran-flagged crude oil tanker vessel Herby while the latter was attempting to sail toward an Iranian port US President Donald Trump yesterday branded Iran’s terms for ending the Middle East war “totally unacceptable,” raising...
•US President Donald Trump, Iran President Masoud Pezeshkian and Israeli Prime Minister Benjamin Nentayahu World leaders today piled pressure on Tehran to stick to diplomacy to bring an end to the Middle East war, after a salvo of attacks in the region left a ceasefire crumbling. The scramble for more talks came after Iran and […]
•Gas prices above $6 per gallon are displayed at Chevron station in Monterey Park, California The price of oil fell yesterday after Iranian media reported that Tehran had proposed fresh talks with the United States in a message sent via mediator Pakistan. A barrel of West Texas Intermediate (WTI) fell briefly more than five per […]
•An employee sorts products at a supermarket in Beijing China’s exports grew at a slower pace last month after starting the year with a surge, official data showed today, as the global economy reels from war in the Middle East. The world’s second-largest economy produced a record-breaking trade surplus last year of $1.2 trillion, reports [&he...
Nigeria’s revenue is about to receive a boost as Japan has contacted crude oil suppliers in countries across the world, including Nigeria, to ensure a stable domestic supply while searching for non-Middle East barrels amid conflict in the region that has disrupted global supply. Narumi Hosokawa, deputy director-general for immediate crisis man...
Nigerian crude oil, Bonny Light, dropped below $95 a barrel on Wednesday from above $130 after Iran agreed to reopen the Strait of Hormuz for two weeks in exchange for a temporary ceasefire with the United States. Strait of Hormuz is a vital route for 20% of the world’s energy supply, reports AFP. Bonny Light […]
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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