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Tag: Iran

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No negotiations yet amid US-Iran war, says Tehran envoy

Iran’s ambassador to Pakistan on Wednesday said there had been no talks between Washington or Tehran, after United States President Donald Trump signalled tentative progress in diplomatic efforts to end the war. “We have also heard such details through the media, but according to my information — and contrary to Trump’s claims — so far […]

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UAE orders closure of Iranian-linked hospital in Dubai amid war

The United Arab Emirates has ordered the closure of an Iranian state-linked hospital in Dubai amid escalating tensions between the two neighbouring countries. The decision comes as ties deteriorate due to Tehran’s aerial campaign against Gulf states following strikes on Iran by the United States and Israel starting February 28. Since then, Tehran has launched […]

Oil and Gas

Iran to facilitate Japan oil transit through Hormuz amid war

Iranian Foreign Minister Abbas Araghchi has stated that Tehran is prepared to assist Japanese ships in transiting the Strait of Hormuz, a critical chokepoint for global oil supplies. This was revealed in an interview with Kyodo News published on Saturday. Japan heavily relies on crude oil imports from the Middle East, with the majority passing […]

Oil and Gas

Oil soars above $100pb as Iran blocks Hormuz strait

Oil prices surged past $100 per barrel while global stock markets deepened their declines after Iran’s new supreme leader ordered the closure of the Strait of Hormuz. Concerns over a prolonged conflict persisted as United States President Donald Trump stated that stopping the Islamic republic’s “evil empire” was more important than crude prices. Global markets […]

Oil and Gas

Trump waives oil sanctions to slash global prices amid Iran war

United States President Donald Trump announced on Monday that his administration would temporarily waive certain oil-related sanctions to boost global oil supply and bring down prices amid disruptions from the ongoing Middle East conflict. The United States and Israel have conducted strikes on Iran, while Tehran has launched retaliatory attacks across the Gulf region. These […]

Oil and Gas

Oil price hike is small price to pay for peace – Trump

United States President Donald Trump dismissed the recent crude oil price spike, describing it as a “small price to pay” to eliminate Iran’s nuclear threat. Oil prices surged above $100 a barrel for the first time in nearly four years on Sunday, driven by fears that the escalating war in the Middle East could lead […]

Second explosion hits Oil facility in Rivers State
Oil and Gas

Four killed as US-Israel strikes hit Iran oil depots

Overnight airstrikes by the United States and Israel targeted five oil-related facilities in and around Iran’s capital, Tehran, resulting in four fatalities, according to an Iranian official. Chief Executive Officer of the National Iranian Oil Products Distribution Company, Keramat Veyskarami, disclosed the details during a Sunday interview on state television. Veyskarami stated that the strikes […]

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Experts warn of petrol price surge amid US-Iran war

Energy experts and downstream operators have warned that Nigeria may witness a fresh increase in petrol and diesel prices if global crude oil prices surge above $90 per barrel amid escalating tensions between the United States and Iran, according to The PUNCH. The warning follows hostilities in the Middle East that triggered fresh volatility in […]

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