Author name: David Ryabchikov

Oil prices post biggest drop since April as US and Iran pause fighting

Oil prices post biggest drop since April as US and Iran pause fighting

Global oil prices recorded their biggest one-day decline since 8 April after fighting between the United States and Iran paused, easing concerns over disruptions to global energy supplies. According to CNN, Brent crude settled at $85.87 a barrel, down 11.3 percent, while US crude fell about 7 percent to $82.61 a barrel. US President Donald

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Atiku laments, says Tinubu govt still borrowing despite windfall from crude oil sales

Atiku laments, says Tinubu govt still borrowing despite windfall from crude oil sales

Former Vice President Atiku Abubakar has criticised the Nigerian government over what he described as “unprecedented domestic borrowing” despite a significant increase in earnigs from high international crude oil prices. In a statement issued on Sunday by his Senior Special Assistant on Public Communication, Phrank Shaibu, Atiku pointed out that while the 2026 Appropriation Act

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FTSE 100 Live: Stocks to drop after oil reaches $100; Trump releases tariff blitz

FTSE 100 Live: Stocks to drop after oil reaches $100; Trump releases tariff blitz

Friday 24 July 2026 6:30 am  |   Updated:  Friday 24 July 2026 8:30 am Welcome back to City AM’s FTSE 100 live blog (AP/PA Images) Welcome back to the City AM FTSE 100 liveblog. Oil hit a two-month high on Thursday, after reaching $100 for the first time since May. Brent crude oil prices surged following attacks

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KINIGUIDE | The Houthis and why they trigger another surge in oil prices

KINIGUIDE | The Houthis and why they trigger another surge in oil prices

KINIGUIDE | Oil prices are climbing once again as attacks by a Yemeni armed group on commercial ships in the Red Sea threaten another one of the world’s important energy trade routes. The latest attacks have ignited a new phase in the crisis between the United States and Iran, drawing fresh attention to Yemen’s Houthi

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Trump vows to punish Iran for Houthi attacks in Red Sea, as oil surges over US$100

Trump vows to punish Iran for Houthi attacks in Red Sea, as oil surges over US$100

The US president says he is considering relaunching major combat operations in Iran and is close to a decision Published: 1:53am, 24 Jul 2026 Updated: 2:39am, 24 Jul 2026 US President Donald Trump promised on Thursday “major military punishment” for Iran and its Houthi allies, after Yemeni fighters struck two Saudi oil tankers in the

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Donald Trump says decision on ‘massive attack’ against Iran is close

Donald Trump says decision on ‘massive attack’ against Iran is close

Donald Trump has said he is close to deciding whether to launch “a massive attack” against Iran, on a scale larger than strikes already witnessed during the months-long conflict with Tehran. Speaking to the Axios news site, the US president said: “I am considering a massive attack. Bigger than ever before. I am close to

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