Oil prices inched higher in early trading on Wednesday as fears of further supply disruptions intensified after U.S. forces said they began striking Iranian military targets for the 11th straight night and Kuwait reported attacks by Iranian drones. Brent crude futures rose 0.55%, or 50 cents, to $91.51 after markets opened on Wednesday, while U.S. […]
Oil futures fell more than 1% on Friday and were on track for their steepest weekly decline since early April, following reports that the U.S. and Iran had agreed to extend a ceasefire, though it had yet to be finalised. Brent crude futures for July fell 1.1% or $1.04 to $92.67 a barrel at 0330 […]
Public holidays offer insight into a country’s culture, religious diversity, and historical milestones. While some nations emphasize religious observances, others commemorate national independence, seasonal festivals, or cultural heritage. The number of holidays can vary widely, reflecting unique social priorities and traditions. From spiritual rituals to patriotic celebrations, this gallery explores 30 countries with the highest […]
President John Mahama has returned to Ghana from an official visit to France ahead of an emergency cabinet meeting scheduled for today to address the rising cost of fuel. The meeting is expected to focus on measures to cushion Ghanaians from the impact of rising fuel prices, largely attributed to ongoing tensions in the Middle […]
Oil fell below $100 per barrel on Wednesday after U.S. President Donald Trump said he had agreed to a two-week ceasefire with Iran, subject to the immediate and safe reopening of the Strait of Hormuz. Brent fell $14.84, or 13.6%, to $94.43 a barrel, and WTI slid $16.13, or 14.3%, to $96.82 a barrel as of 0023 GMT. Trump’s turnaround came […]
Madagascar declared a nationwide state of energy emergency for 15 days on Tuesday, citing disruptions in energy supply caused by the ongoing conflict in the Middle East, its cabinet said. Several African governments have responded to surging global oil prices, spurred by the Iran war, by implementing sharp fuel price increases, energy-saving measures, or electricity rationing. “This decision was taken […]
The price of Brent crude oil has risen back above $100 a barrel, after plunging on Monday, as conflicting accounts of potential talks between US and Iran emerged. On Tuesday in Asia, the oil benchmark rose by 4% to $103.94 (£77.57) a barrel, while Nymex Light Sweet was 4.1% higher at $91.75. The price of […]
South Africa has no reason to cut ties with Iran, its director general of foreign affairs said, after the new U.S. ambassador was quoted as saying the country’s association with the Islamic Republic was an impediment to good relations with Washington. In an interview with Reuters over the weekend, Zane Dangor, director-general of the Department of […]
A bipartisan resolution aimed at limiting President Donald Trump’s ability to wage war in Iran has failed in the US Senate, as the strikes continue. The war powers measure was rejected in a 53-47 vote largely along party lines. It would have halted US military action in Iran without congressional approval. Democrats argue that Trump […]
A significant number of Ghanaian citizens find themselves in a precarious situation in Israel, unable to leave the country as Israeli authorities have declared a state of emergency and closed all borders amid escalating conflict with Iran. This critical update was provided by Foreign Affairs Minister Samuel Okudzeto Ablakwa via a Twitter post on Monday, […]
The price of oil has jumped 5% after US President Joe Biden said the US was discussing possible strikes by Israel on Iran’s oil industry. Asked on a visit if he would support Israel striking Iran’s oil facilities, Biden said: “We’re discussing that.” Iran is the seventh largest oil producer in the world, exporting around […]
Oil and gold prices have jumped after US officials said an Israeli missile had struck Iran. Brent crude, the international benchmark, rose by 1.8% to $88 a barrel while gold briefly came close to a record high before falling back to nearly $2,400 an ounce. Investors have been closely watching Israel’s reaction to Iran’s direct […]
