Iran War

Oil plunges 11% as Iran opens Strait of Hormuz

Oil prices tumbled sharply on Friday, falling about 11% after Iran signalled that shipping...

Global economy faces recession risk over Iran war, IMF warns

The global economy could slide toward recession if the ongoing US-Israel war with Iran...

Iran war may push 32 million into poverty with Africa among hardest hit

The economic fallout from the ongoing Iran war could push more than 32 million...

Oil jumps above $100 as U.S. blockades Iran

Oil prices surged above $100 a barrel on Monday after the United States ordered...

Oil slumps as U.S. and Iran agree on ceasefire

Global oil markets plunged sharply on Wednesday after a sudden geopolitical de-escalation between the...

As oil prices rise, South Africa intervenes while Nigeria holds back

South Africa has announced temporary fuel relief measures to cushion households and businesses from...

As fuel crisis bites harder, government response in Nigeria remains absent

A month after the outbreak of war in Iran, Nigerians are grappling with the...

U.S. military seeks $200 billion for Iran war

The Pentagon is pushing for more than $200 billion to fund the escalating war...

Oil surges past $110 after strikes on Iran, Qatar gas fields

Global oil prices climbed above $110 a barrel on Thursday after fresh strikes on...

Two weeks after Iran war fuel shock, Nigeria offers no relief for citizens

Two weeks after war in the Middle East sent global oil markets into turmoil,...