Peionews

Oil Prices

US Maintains Naval Blockade on Iran as Nuclear Talks Stall

By Elizabeth Ugbo Donald Trump on Wednesday confirmed that the United States will continue its naval blockade of Iran in…

Lebanon Ceasefire Talks, Strait of Hormuz Tensions, and Rising Oil Prices

By Elizabeth Ugbo Lebanon and Israel will hold a second round of ceasefire talks in Washington on Thursday, as Lebanese…

Trump Says US Could Halt Iran Strikes Within Weeks as War and Oil Crisis Escalate

By Elizabeth Ugbo US President Donald Trump said on Tuesday that the United States could stop military attacks on Iran…

EU Leaders Reject Trump’s Call to Secure Strait of Hormuz Amid Oil Crisis

By Elizabeth Ugbo European leaders on Tuesday in Brussels rejected a request by Donald Trump to deploy forces to the…

US–Israel–Iran Conflict Could Push Oil Prices Higher, Warns New Zealand Report

By Elizabeth Ugbo A new report by the New Zealand Ministry of Foreign Affairs and Trade warns that the ongoing…

US–Iran War: How Rising Oil Prices and Middle East Disruptions Could Hit Nigeria’s Economy

By Elizabeth Ugbo Nigeria faces growing economic pressure as the United States–Iran conflict begins to disrupt global energy markets and…

Gulf War Echoes: Why the New Middle East Conflict Matters for Africa

By Elizabeth Ugbo Thirty-five years after Operation Desert Storm, the Middle East again sits at the center of a dangerous…

Oil Prices Surge as US-Israel Strikes on Iran Threaten Global Economy

By Elizabeth Ugbo Oil prices are set to surge on Monday after US and Israeli forces struck Iran, escalating tensions…