Peionews

Strait of Hormuz

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…

Iran Fires Missiles at Israel and US Targets Amid Rising Middle East Tensions

By Elizabeth Ugbo Iran’s Revolutionary Guards launched missiles at Israeli cities and US targets in the region on Tuesday, escalating…

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…

South Korea Secures UAE Oil Amid Strait of Hormuz Tensions

By Elizabeth Ugbo South Korea struck a deal on Friday to import four million barrels of crude oil from the…

Nigeria Oil Revenue and Petrol Prices: Middle East Crisis Raises Fresh Concerns

By Elizabeth Ugbo Nigeria could earn higher oil revenue as tensions rise between the United States, Israel, and Iran, but…

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…