Six months into the war between Iran and the US-Israel alliance, Tehran is presenting the conflict as a victory, but the claim says more about Iran’s political strategy than it proves about the battlefield. Major General Ahmad Vahidi, commander of Iran’s Islamic Revolutionary Guard Corps (IRGC), said Iran had defeated what he described as the…
Global oil markets are once again being pushed higher by the standoff between the United States and Iran over the Strait of Hormuz, with Brent crude climbing sharply as hopes of a quick reopening of the strategic waterway fade. The U.S. Energy Information Administration has raised its 2026 Brent price forecast to about $87 per…
The latest tensions in the Middle East are revealing a problem that could become more important than the fighting itself: the countries involved increasingly disagree on what an acceptable end to the conflict actually looks like. US President Donald Trump has backed a 15-point framework for Gaza that would involve Hamas disarming, followed by a…
Nigeria is once again facing the uncomfortable side of its dependence on crude oil. Global oil prices fell sharply after the United States signalled a move back towards diplomacy with Iran, with Brent crude dropping about 7% to settle at $83.77 a barrel on Monday. Nigerian crude was dragged lower after recently trading above $85,…
Just days after the United States appeared to be on the brink of another military confrontation with Iran, President Donald Trump has announced that direct negotiations between Washington and Tehran will begin, following his decision to shelve planned military strikes. Trump said the talks are expected to start Monday and expressed optimism that diplomacy could…
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…
Global oil prices fell sharply on Monday, July 27, after the United States and Iran paused military strikes, easing fears of a prolonged conflict in the Middle East and reducing concerns over disruptions to global energy supplies. Brent crude, the international benchmark, dropped by 5.9% to around $91.08 per barrel, while West Texas Intermediate (WTI)…
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 conflict between the United States and Iran has intensified sharply after both countries exchanged another round of military strikes, widening the fighting beyond Iranian territory and raising fears of a broader regional war. The latest exchanges marked the seventh consecutive night of U.S. air operations against Iran, while Tehran retaliated by targeting U.S.-linked military…
