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Niger turns to Nigerian ports amid diplomatic row with Benin Republic

The move comes as Niger and Benin continue efforts to resolve a border dispute that has disrupted cross-border trade and complicated Niger’s use of Benin’s ports.bbc+1 Niger has depended heavily on Benin’s ports, particularly the Sèmè-Kpodji terminal, to move crude oil and other imports and exports. However, relations deteriorated after the July 2023 military coup in Niger, with disputes over border closures, security concerns and the movement of goods deepening tensions between Niamey and Cotonou.wikipedia+3 Benin previously blocked Niger’s oil exports through its territory, insisting that Niger reopen its side of their shared border to goods from Benin. Nigerien authorities maintained that the border restrictions were driven by security concerns, while also accusing Benin of violating trade agreements.bbc+2 Nigeria’s ports offer Niger an alternative route to international markets, particularly for imports and transit cargo. This could support trade flows while […]

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US-Iran Deal May Ease Global Economic Pressure

More than three months after the conflict involving the United States, Israel and Iran began, Washington and Tehran have reached a framework agreement aimed at reducing tensions and laying the groundwork for a longer-term resolution. A key component of the agreement is the planned reopening of the Strait of Hormuz, one of the world's most important maritime trade routes. The waterway normally handles nearly 20% of global oil and liquefied natural gas shipments, making it critical to international energy markets. The disruption of traffic through the strait since late February triggered sharp increases in global energy prices and raised concerns about supply shortages. While the new agreement has been welcomed by markets, shipping activity in the region remains limited, highlighting the challenges involved in restoring normal operations. Industry experts caution that a full recovery will take time. Hundreds of vessels […]

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