•Donald Trump US President Donald Trump said today the ceasefire with Iran was “over” following major exchanges of fire between US forces and the Islamic Republic. Trump blasted Iran as “scum” and “cuckoo” after Washington launched strikes on the Islamic Republic overnight and Iran’s Guards said they had targeted US bases in the Gulf. Oil [&he...
Global oil prices have fallen to levels last seen before the US-Iran war, raising expectations among consumers and businesses for a corresponding reduction in the price of petrol. However, pump prices across Nigeria have largely remained unchanged, prompting concerns over the pace at which global market gains are being transmitted to domestic ...
President Donald Trump said a US naval blockade against Iran could last months, leading oil prices to spike to their highest level in more than four years, which held into today. Trump is expected to receive a briefing today on new plans for potential military action in Iran from Admiral Brad Cooper, the head of […]
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 […]
•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 […]
Oil prices surged today on a re-escalation of hostilities in the Middle East war after Iran closed the Strait of Hormuz at the weekend, just a day after reopening it, citing the United States’ blockade of its ports. However, lingering hopes that a deal to end the seven-week crisis continued to support equities, even as […]
•Tinubu and IMF logo Profits from rising oil and gas prices for developing world producers, including Nigeria, are likely to be short-lived, the head of the United Nations trade agency said yesterday. The warning followed rising concerns over the negative aftermath of the ongoing Iran war, which has led to higher shipping costs due to [&helli...
•A trader works at his desk on the floor of the New York Stock Exchange (NYSE) Equities were mixed and oil prices rose today after Donald Trump ratcheted up Middle East tensions by hinting at possible military strikes on Iran if it did not make a “meaningful deal” in nuclear talks. The remarks fanned geopolitical […]
Shares dipped, and oil prices dropped back today as Tehran gave an encouraging response during talks with US officials in Geneva on Iran’s nuclear programme, after days of escalating rhetoric from President Donald Trump. Oil prices had earlier risen after Trump ramped up threats towards Iran, a large crude producer, but Iranian Foreign Ministe...
•Oil rig Nigeria’s economy is facing renewed pressure as the sustained decline in crude oil prices threatens to undermine government revenue, foreign exchange inflows, and fiscal stability. With Bonny Light crude oil, the country’s key export grade, hovering close to the $60 per barrel mark, policymakers are bracing for tighter conditions t...
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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