Oil prices jumped and stock markets diverged today as fresh Middle East attacks dented hopes of an imminent peace deal. The dollar mostly firmed as Iranian and US forces traded attacks in the Gulf and a drone strike on a passenger terminal in Kuwait’s international airport wounded tens of people and suspended air traffic, reports […]
•Dangote Refinery loading bay The Dangote Petroleum Refinery has emerged as the world’s largest single exporter of aviation fuel in April, thanks to supply disruptions triggered by the conflict in the Middle East, which have significantly boosted exports of refined petroleum products to international markets. According to S&P Global, the d...
Global oil prices rallied sharply this week as escalating tensions involving Iran, growing risks around the Strait of Hormuz, and weak supply outlooks from major producers pushed energy markets higher, despite signs of stable U.S. crude production and relatively balanced inventories. Data released by Oilprice.com on May 15, 2026, showed Brent ...
Global crude oil prices are edging close to the $120 per barrel mark as renewed tensions in the Middle East disrupt supply expectations and rattle energy markets, raising fresh concerns for fuel prices. Benchmark crude, including Brent crude, has surged sharply in recent days amid fears of supply constraints linked to geopolitical instability ...
•Fuel trucks wait to be filled at the Seaview Fuel Storage centre in Wellington, today Qatar’s main gas facility has suffered extensive damage after several rounds of Iranian strikes, causing new energy supply fears as the Middle East war grinds on. Here is a look at some of the key energy facilities that have been […]
•Finance minister, Wale Edun The federal government has said it will not step in to control petrol prices despite rising tensions in the Middle East that are causing uncertainty in the global oil market. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said the government would continue to allow market forces [&hell...
•A Tupolev Tu-204-300 aircraft operated by Russia’s Federal Space Agency (Roscosmos) flies over Fujairah International Airport in the gulf emirate of Fujairah, today More relieved passengers arrived home from the Gulf region today as further flights resumed five days into the war triggered by US-Israeli attacks on Iran. Aviation analytics com...
•US, Iran and Israel war Escalating hostilities in the Middle East have sent shockwaves through Nigeria, grounding pilgrimages, disrupting travel plans, rattling the oil market and prompting anxious calls from Nigerians abroad. Besides, some members of the Islamic Movement in Nigeria (IMN) – the Iran-inspired Shiite organisation founded in the...
•PM Starmer and British warplanes Prime Minister Keir Starmer said yesterday British warplanes were involved in “defensive operations” in Middle East skies but the UK had “played no role” in the US-Israeli attack on Iran. In his first public response to the strikes, which triggered missile launches from Tehran, Starmer said that Britain’s oper...
•US President Donald Trump holds an umbrella as he gives a thumbs up while boarding Air Force One yesterday US President Donald Trump declared yesterday that the “war is over in Gaza” as he headed on a high-stakes peace trip to Israel and Egypt. Speaking to reporters on Air Force One at the start of […]
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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