By Omeiza Ajayi ABUJA: Presidential Candidate of the African Democratic Congress ADC, Atiku Abubakar, has accused the Federal Government of reckless borrowing despite a windfall in oil revenue, saying the administration of President Bola Tinubu has continued to pile up domestic debts at a time crude oil prices have soared well above the benchmark used
FG borrowing like drunken sailor despite revenue windfall – Atiku Read More »
Vessels near the Strait of Hormuz, as seen from Musandam, Oman, Aug. 31, 2026. Stringer | Reuters Oil prices rose to a six-week high on Monday as the U.S. and Iran traded strikes over the weekend, ratcheting up tensions in the Middle East. Brent crude oil futures, the international oil benchmark, rose 1.5% to $97.73
Updated on: September 7, 2026 / 10:45 AM EDT / CBS News Add CBS News on Google What to know about the Iran war today: The head of Iran’s Supreme National Security Council said Monday that Tehran is planning to announce a maritime “exclusion zone” outside the Strait of Hormuz where it intends to stop
Oil prices up as Iran says it will expand control over Strait of Hormuz Read More »
Energy Secretary Chris Wright on Sunday cautiously predicted gasoline price relief is on the way, but stopped short of firm or precise pledges.Why it matters: Pump prices are at their highest Labor Day weekend levels on record, and the midterms loom less than two months away.His appearances on Sunday political shows also comes as diesel
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Israel cuts fuel tax as gasoline prices hit record high https://www.investing.com/news/economy-news/israel-cuts-fuel-tax-as-gasoline-prices-hit-record-high-93CH-4890297
Israel cuts fuel tax as gasoline prices hit record high Read More »
Iran said it is raising fuel prices for the heaviest users. Similar moves led to protests in 2019. (file photo) September 06, 2026 09:26 CET Updated September 06, 2026 22:21 CET As the conflict in the Persian Gulf continues to impact and shape the region, journalists from RFE/RL’s Central Newsroom and Iranian service, Radio Farda,
Iran Raising Gasoline Prices For Heavy Users As Sanctions, Blockade Bite Read More »
By Irina Slav – Sep 05, 2026, 6:00 PM CDT Middle Eastern exporters are rapidly developing alternative routes as Hormuz oil flows plunge from nearly 20 million bpd to an estimated 6–8 million bpd. Energy importers are diversifying away from Middle Eastern supplies, but longer shipping routes and higher freight costs are driving up import
Iran War Forces a Rewrite of Global Oil Trade Routes Read More »
Oil prices are climbing again. Can the government shield motorists without returning to costly market intervention? Continue reading: https://dailynewshungary.com/hungary-fuel-prices-major-test-price-cap-ruled-out/… https://dailynewshungary.com/hungary-fuel-prices-major-test-price-cap-ruled-out/
Tensions are ongoing over the fate of the Strait of Hormuz with the United States and Iran both claiming control over the strategic waterway. Ships were seen in the Strait on Saturday, as the Trump administration continues to actively assert that the US Navy is in control of the passage, where about 20% of the
Tensions in the Strait of Hormuz drive oil prices as US and Iran both claim control Read More »
TLDR Brent crude surged 8.8% for the week to $95.85 a barrel, while WTI rose 9.4% to $91.22 U.S. and Iran exchanged military strikes for the first time since July, targeting Strait of Hormuz infrastructure The EU officially joined the U.S.-led operation to economically squeeze Iran through sanctions U.S. diesel prices hit a new all-time
