Oil prices extended hefty gains today as hopes for a reopening of the Strait of Hormuz fade, fanning fresh inflation fears and ramping up bets on at least one US interest rate hike this year. Crude has surged around 10 per cent over the past week, with the United States and Iran appearing no closer […]
•A trader works on the floor of the New York Stock Exchange (NYSE) in New York, today Wall Street stocks rose early today, extending a rally following strong corporate earnings and comments from US Treasury Secretary Scott Bessent on Iran talks that pressured oil prices. Bessent told CNBC that the United States could reach a […]
Oil prices tumbled today in early Asia trade after US President Donald Trump announced fresh talks with Iran to end the Middle East war and reopen the Strait of Hormuz. The war, which began in late February when the United States and Israel attacked Iran, has caused oil prices to swing sharply as it effectively […]
•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...
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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