Interior Secretary Doug Burgum dismissed a report that the Trump administration “miscalculated” the impact its military operations against Iran would have on the global oil market. Since the U.S. and Israel launched strikes against Iran at the end of February, oil futures have fluctuated dramatically, spiking by almost 20 percent on Sunday evening before reversing… […]
Iran’s military has issued a stark warning as tensions escalate in the Gulf, saying oil prices could surge to $200 a barrel while three more ships reportedly came under attack in the Strait of Hormuz. Ebrahim Zolfaqari, spokesperson for Iran’s military command, told the United States that “the oil price depends on regional security which
Iran Says World Should Prepare For $200 Per Barrel Read More »
The Israel-Iran conflict has entered a dangerous new phase, with attacks on vessels in the strategically vital raising fears of a prolonged global energy crisis. According to Iran’s Islamic Revolutionary Guard Corps (IRGC), two ships were struck after allegedly ignoring naval warnings. A Thai-flagged vessel, Mayuree Naree, suffered an explosion in its engine room, leaving
Oil prices spiked to just above $120 over the weekend as escalations of the Israel -US-Iran war intensified, with key read more Nigeria Week Ahead: Equities sink, Oil surpasses $100, CPI in focus… https://businessday.ng/insight-2/article/nigeria-week-ahead-equities-sink-oil-surpasses-100-cpi-in-focus/
Nigeria Week Ahead: Equities sink, Oil surpasses $100, CPI in focus Read More »
US Ambassador to India Sergio Gor has publicly endorsed India’s ongoing purchases of Russian oil, saying Washington recognises them as part of efforts to maintain stable global oil prices. Here’s what his statement means for India-US energy ties. American Ambassador to India Sergio Gor has hailed India’s role in maintaining stable oil prices around the
Wednesday 11 March 2026 6:45 am | Updated: Wednesday 11 March 2026 8:49 am Trump has doubled down on the Iran war. (image PA) Good morning and welcome back to the City AM liveblog. The price of oil was easing on Wednesday morning after over a week of volatility and surging prices. US crude tumbled
FTSE 100 Live: Stocks to dip; Oil price cools over ‘temporary fix’ Read More »
Dangote Petroleum Refinery and Petrochemicals has announced reductions in its petrol and diesel gantry and coastal prices amid Monday’s oil price slump to $90 per barrel from previous $115. According to a new pricing template released by the refinery on Tuesday, the gantry price of petrol has been reduced by N100, dropping from N1,175 to
Nigeria: Dangote Refinery Cuts Petrol, Diesel Prices Read More »
