Iran has offered the United States a seven-day roadmap that would reopen the Strait of Hormuz and restart negotiations over Tehran’s nuclear programme if Washington accepts a series of conditions. Iranian Foreign Minister Abbas Araghchi said on Friday that Tehran had delivered the proposal to the US through Qatar. He said the plan could restore…
Dangote Petroleum Refinery has raised its petrol gantry price to N1,350 per litre. The new price takes effect from Saturday, September 12, 2026. The latest increase adds N85 to the previous price of N1,265 per litre. It is also the refinery’s fourth petrol price increase since August 21. In just 22 days, the price has…
US President Donald Trump has said the US Navy has cleared or detonated all mines in the Strait of Hormuz, as efforts continue to restore shipping through the vital waterway following the war with Iran. Trump said Iran had been warned against attempting to lay new mines in the strait. “Iran has been notified that…
Donald Trump announced on Friday that he intends to declare the Strait of Hormuz a territory of the United States after what he described as the ongoing defeat of Iran, drawing an immediate and forceful rejection from Tehran. Speaking at an event in Nassau, New York, Trump told the crowd: “After we finish defeating Iran,…
Iran says it has agreed on a shipping route through the Strait of Hormuz with Oman, with its foreign ministry describing the deal as being in its final stages. Spokesman Esmaeil Baqaei confirmed that the geographical coordinates of the proposed route had been agreed, but stopped short of releasing specific details. He added a firm…
Oil prices jumped by 4% on Wednesday as the conflict between the United States and Iran intensified. Fresh overnight strikes by US forces raised fears of a bigger disruption to global oil supplies. Brent crude climbed above $94 per barrel, while US West Texas Intermediate traded close to $87. The latest increase also renewed concerns…
The conflict intensified as the US and Iran exchanged fresh attacks across the Middle East. The United States launched strikes on Iran for the seventh consecutive night, targeting military surveillance sites, logistics infrastructure, underground weapons storage facilities and maritime assets, according to US Central Command (Centcom). Iran said it retaliated by attacking US allies, including…
Iran has warned it could shut more regional trade routes as fresh US strikes target its military positions. Iran’s Revolutionary Guards have threatened to block additional oil and gas export routes after the United States launched a new wave of military strikes. The group said the Strait of Hormuz would remain closed until Washington ends…
Fresh military strikes and new shipping threats have raised fears over global oil supply and regional stability. The United States and Iran have exchanged fresh threats after deadly attacks on tankers in the Strait of Hormuz, one of the world’s busiest oil shipping routes. The United Arab Emirates accused Iran of targeting two of its…
The United Nations’ International Maritime Organization (IMO) has paused its evacuation plan for more than 11,000 sailors stranded in the Strait of Hormuz following an attack on a commercial cargo ship. IMO Secretary-General Arsenio Dominguez announced the decision on Thursday, saying the agency would not resume the operation until it receives stronger assurances that ships…
