The ongoing escalation of the crisis in the Middle East, specifically the conflict involving the U.S., Israel, and Iran, has pushed Brent crude prices above $100 per barrel. While this exceeds Nigeria’s budget benchmark of $64.85 per barrel, several structural and economic factors suggest the country may not fully reap the rewards of this surge. …
Oil prices have further surged as the ongoing conflict in the Middle East continues to disrupt supply chains, particularly through the Strait of Hormuz. After a brief dip on Monday, March 16, prices rebounded sharply on Tuesday, March 17, as attacks ravaged parts of the Gulf region, raising more fears of supply disruption. According to …
Nigerians are grappling with renewed economic pressure after oil marketers raised the pump price of Premium Motor Spirit (PMS), popularly known as petrol, to as high as ₦1,330 per litre at some filling stations, intensifying the burden on commuters and transport operators already struggling with rising cost of living. The ripple effects of regional conflicts …
Governments across Europe, Asia, and the Gulf have stepped up evacuation efforts as the ongoing U.S.-Israeli conflict with Iran continues to disrupt air travel across the Middle East. Dozens of repatriation flights were scheduled to depart the region on Wednesday to evacuate thousands of stranded citizens. The shutdown of key airspace corridors has left major …
Israeli shelling killed three Palestinians near a ceasefire line in Gaza on Monday, testing the fragile truce after a weekend of heavy fighting. At least 28 people died in Sunday’s Israeli strikes across the enclave, which Israel said were in response to a Hamas attack that killed two of its soldiers in Rafah. U.S. envoys …
The Global Sumud Flotilla, an international activist convoy seeking to break Israel’s blockade of Gaza, reported a second drone attack on its vessels while docked in Tunisia. Organisers said the British-flagged Alma was hit late Tuesday night in the Sidi Bou Said port. Security footage showed passengers shouting “fire” as flaming projectiles struck the deck, …
By Esther Ososanya International aid organisations say shelter materials are not yet reaching Gaza, despite Israeli authorities claiming restrictions have been lifted. Delays in deliveries could worsen the plight of displaced Palestinians, with over 1.3 million people currently lacking tents. Aid groups report that for nearly six months, Israel effectively blocked materials like tent poles, …
By Esther Ososanya Palestinians reported the most intense bombardments in weeks on Monday in eastern Gaza City, just hours after Israeli Prime Minister Benjamin Netanyahu said he expected to complete a new expanded offensive against Hamas “fairly quickly”. An airstrike killed six journalists, including prominent Al Jazeera correspondent Anas Al Sharif, in a tent at …
By Rafiyat Sadiq The Palestinian Authority has urged the inclusion of the Gaza Strip in the recently announced ceasefire between Iran and Israel, calling on international stakeholders to ensure that the truce is expanded to end hostilities in the besieged Palestinian territory. In a statement released on Tuesday by President Mahmoud Abbas’s office and carried …
By Rafiyat Sadiq Iran has warned the United States of a “powerful response with heavy consequences” following American airstrikes on three key Iranian nuclear facilities. A spokesman for Iran’s Khatam al-Anbiya military unit accused Washington of committing a “criminal” act on behalf of Israel, describing the strikes as a blatant violation of Iranian sovereignty. “This …
