•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...
Oil prices jumped more than five percent yesterday after US President Donald Trump targeted Russia’s key oil industry with new sanctions in a bid to end the war in Ukraine. The surge in crude prices came as major US equity indices rebounded from the prior day’s pullback after the White House confirmed a plan for […]
Wall Street stocks finished little changed yesterday as markets absorbed a disappointing inflation report, while oil prices shot higher on the eve of a US-Russia summit on Ukraine. After a negative start, major US indices worked their way back up to even following July wholesale price data, reports AFP. The producer price index rose 0.9 [&hell...
Oil prices sank today on hopes for an Iran nuclear breakthrough after Donald Trump said a deal was “getting close” and US media reported Tehran had indicated it could be open to curbs on its atomic programme. The remarks from the US president came after the two sides on Sunday held their fourth round of […]
Oil prices rocketed more than three per cent on Monday after China and the United States agreed to suspend sweeping mutual tariffs. Brent climbed +2.44 or 3.82% to $66.35 at 12:44 PM WAT on hopes that a pullback in tensions will support the global economy and boost demand for the commodity. West Texas Intermediate jumped […]
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.
© 2026 The Frontier, Published by Okims Media Links Limited.
designed by winnet services
