Israel is constructing a large earthen barrier inside the Gaza Strip, with satellite imagery showing the structure extending beyond the area designated as the “Yellow Line” under the US-backed ceasefire arrangement. The development is raising concerns that the division of Gaza could become increasingly entrenched. According to an Associated Press investigation based on satellite imagery,…
The United States has launched a fresh wave of heavy airstrikes against Iran, targeting dozens of facilities linked to the Islamic Revolutionary Guard Corps (IRGC), in the latest escalation of the ongoing conflict between Washington and Tehran. The US Central Command (CENTCOM) said its forces completed the operation at about 10 p.m. Eastern Time on…
Iran, Oman and Saudi Arabia have stepped up diplomatic efforts to strengthen regional security and maritime cooperation in the strategically vital Strait of Hormuz, as Gulf nations seek to safeguard one of the world’s busiest energy shipping routes. The discussions come amid efforts to maintain stability following months of heightened tensions in the Middle East….
Singapore has tightened its monetary policy for the second time in three months, as rising energy costs linked to ongoing tensions in the Middle East continue to raise concerns about inflation and global supply chains. On Monday, July 27, the Monetary Authority of Singapore (MAS) announced a slight increase in the rate of appreciation of…
Global energy markets remain on edge as escalating conflict in the Middle East and renewed disruptions to key shipping routes continue to drive oil prices higher, with Brent crude hovering around the $100-per-barrel mark after briefly surpassing the milestone this week. The latest surge has been fueled by growing concerns over the security of vital…
The conflict between the United States and Iran has entered another dangerous phase, with fresh US military strikes and mounting threats to global shipping pushing crude oil prices closer to the $100-per-barrel mark and raising concerns over the global economy. US forces carried out a 12th consecutive night of airstrikes targeting Iranian military infrastructure, saying…
The Federal Government is pushing ahead with plans to expand Nigeria’s oil reserves and crude production while the Central Bank of Nigeria (CBN) maintains a cautious monetary policy stance to keep inflation under control. At the ongoing Nigeria 2025 Licensing Round in Abuja, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) concluded the commercial bidding process…
Military tensions between the United States and Iran have intensified once again after both countries exchanged fresh strikes around the strategic Strait of Hormuz, prompting U.S. President Donald Trump to declare the interim ceasefire “over” and triggering another surge in global oil prices. The latest escalation follows renewed attacks on commercial shipping and military targets…
Global oil prices extended their rally on Wednesday as escalating tensions in the Middle East raised fresh concerns over crude supply, pushing Brent crude above $76 per barrel for the first time in two weeks. The latest surge follows renewed military hostilities involving the United States and Iran, along with disruptions to commercial shipping in…
Hundreds of thousands of mourners flooded the streets of Tehran on Monday as Iran held one of the largest funeral processions in its modern history for former Supreme Leader Ayatollah Ali Khamenei, whose death in U.S.-Israeli airstrikes earlier this year has further inflamed tensions across the Middle East. The procession stretched from Revolution Square toward…
