Djibouti is a country of fewer than a million people with no significant natural resources. It also hosts the densest cluster of foreign military bases in the world, with bases from the United States, China, France, Japan and Italy operating within miles of each other along its coastline. Recommended Stories list of 3 itemsend of…
A 2-week ceasefire between the U.S. and Iran sparked a broad-based relief rally across risk assets, and even buoying traditional safe havens.
In a social media post on Tuesday evening, Trump said: “I agree to suspend the bombing and attack of Iran for a period of two weeks… subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz”.
Global energy analysts have predicted that Nigeria, along with other oil-producing African countries, will become a major beneficiary of the ongoing Middle East conflict. According to industry observers, leading energy giants in Africa, including Nigeria, Libya, Angola, Gabon, Mozambique, Namibia, and Tanzania, are increasingly seen as lower-risk alternatives to Middle Eastern crude suppliers. The ongoing…
Satellite view of the Strait of Hormuz, a critical chokepoint for global energy supply, connecting the Persian Gulf to the Gulf of Oman. Gallo Images | Getty Images Oil prices rose on Sunday with U.S. crude topping $114 per barrel, after President Donald Trump gave Iran until Tuesday to open the Strait of Hormuz or…
Israel’s military said Thursday that it had struck “dozens of headquarters, weapons storage facilities, launch sites, and anti-tank missile positions” belonging to the Iranian-backed Hezbollah group in Lebanon over the last 24 hours. The IDF said it would continue to “operate decisively against the Hezbollah terror organization” in Lebanon “to remove the threat posed to…
Smoke emanates from smokestacks from an oil refinery in Linden, New Jersey, on March 18, 2026. Kena Betancur | AFP | Getty Images Crude prices extended gains during Asia trading as escalating attacks in the Persian Gulf and U.S. President Donald Trump‘s signals on exiting the Iran conflict even as the Strait of Hormuz remains…
At least two Chinese cargo ships that were blocked by Iran last week as they tried to transit the Strait of Hormuz managed to traverse the key waterway on Monday, according to tracking data from the MarineTraffic website. Iran’s Islamic Revolutionary Guard Corps naval forces appeared to make an example of the vessels, and one…
An old Soviet-era Lada car drives past a truck belonging to a private Cuban company (mipyme) parked in front of a gas station with an IsoTank of imported fuel in Havana on March 19, 2026. Adalberto Roque | Afp | Getty Images The Kremlin on Monday welcomed the arrival of a Russian-flagged oil tanker to…
President Donald Trump said Sunday that he would like to “take the oil in Iran” and is considering seizing the export hub of Kharg Island, which is responsible for more than 90% of Iran’s oil exports. In an interview with the Financial Times, Trump said his “preference would be to take the oil.” “To be…
