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international

US and Iran hold technical talks on peace deal

The United States and Iran have held technical talks in Doha as part of efforts to secure a wider peace deal and restart shipping through the Strait of Hormuz. According to Reuters, the two sides focused on maritime traffic, frozen Iranian assets, and other issues linked to an interim agreement reached earlier. Sources said the talks lasted two days and did not address Iran’s nuclear programme, which is expected to be handled in later discussions. Reuters reported that the initial deal would allow shipping to resume through the Strait of Hormuz, a major route for global oil and gas trade. The discussions were described as technical, with officials saying they built on earlier progress but did not produce a final settlement.

Abdulmumini Auwal SA July 2, 2026

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international

Hormuz traffic drops after Saturday strike on vessel

Maritime traffic through the Strait of Hormuz has dropped after a weekend strike on a commercial vessel, raising fresh concern over security in one of the world’s most important oil routes. The attack prompted some shipowners to delay or review planned transits and evacuation routes for vessels still inside the Gulf.bloomberg+1 Shipping data and vessel-tracking footage show that movements slowed following the incident, even though traffic did not come to a complete halt. Analysts say the strike is a setback to plans to gradually restore normal flows through the strait, which had begun to recover from earlier war-related disruptions.youtube+1reuters The US military said it carried out new strikes against Iranian missile and drone storage sites and coastal radar positions after Tehran’s forces attacked the ship. Central Command described the action as aimed at protecting commercial shipping and deterring further attacks […]

Abdulmumini Auwal SA June 29, 2026

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international

Iran FM warns any challenge to Hormuz routes will increase tensions

Iran’s foreign minister Abbas Araghchi has warned that any attempt to challenge or bypass the shipping routes for the Strait of Hormuz agreed with the United States will “increase tensions” in the Middle East. Speaking during a visit to Baghdad, he said responsibility for managing traffic through the strategic waterway “rests solely” with Iran and that parallel arrangements by other countries would complicate efforts to restore stability.nampa+2 Araghchi argued that attempts to set up separate security frameworks or convoy systems outside the existing US–Iran memorandum of understanding would delay the full reopening of the strait and risk further escalation, as seen in recent nights of missile and drone exchanges. He urged Gulf states and Western powers to focus on implementing the MoU rather than pushing new plans that challenge Tehran’s control over Hormuz.news.yahoo+2 The warning comes after fresh tit-for-tat strikes […]

Abdulmumini Auwal SA June 28, 2026

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international

Oil back to pre-war levels as Hormuz traffic rebounds

Oil prices have fallen back to pre-war levels as shipping through the Strait of Hormuz continues to recover. The decline comes as vessel traffic through the key waterway rebounds after weeks of disruption tied to the Iran conflict. Traders are also reacting to signs that diplomatic efforts between Washington and Tehran are helping ease fears of a prolonged supply shock. US Energy Secretary Chris Wright said shipments through the strait are nearing the levels seen before the fighting began. He added that roughly 20 million barrels passed through the strait in the previous 24 hours, suggesting a strong recovery in maritime traffic. At the same time, US officials are trying to reassure Gulf allies worried about Washington’s preliminary deal with Iran. Secretary of State Marco Rubio has been speaking with regional partners to calm concerns over the agreement’s impact on […]

Abdulmumini Auwal SA June 26, 2026

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international

Starmer: UK To Host Multi Nation Meeting On Hormuz Shipping

UK Prime Minister Keir Starmer has announced that Britain will host a multi nation meeting focused on restoring safe commercial shipping through the Strait of Hormuz. The gathering will bring together representatives from around 35 countries to discuss diplomatic, economic and security steps to reopen the vital waterway, which has been heavily disrupted by the Iran conflict and related blockades. Starmer said the UK is prepared to take a leadership role in coordinating a credible, collective plan to guarantee freedom of navigation in the Gulf. He warned that ongoing disruptions in Hormuz, one of the world’s most important oil and gas shipping routes, pose a serious threat to global energy supplies and living standards in countries like Britain. The meeting, to be hosted in London and led by Foreign Secretary Yvette Cooper, will bring together foreign and defence officials from […]

Abdulmumini Auwal SA April 1, 2026

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Nigeria

Crude Oil Imports Hit Record High as Dangote Refinery Reshapes Nigeria’s Trade Flow

Nigeria’s crude oil imports surged by 26.5% in the first half of 2025, reaching 5,665,602 metric tons, compared to 4,478,413 metric tons in the same period of 2024, according to fresh data from the Nigerian Ports Authority (NPA). The rise has been largely attributed to the 650,000 barrels per day Dangote Petroleum Refinery, which has been sourcing crude oil from countries including the United States, Brazil, Angola, and Equatorial Guinea. Financial Vanguard’s quarterly analysis shows a mixed trend: Q1 2025: Imports dropped to 2,400,553 MT, down 30% from Q1 2024 (3,037,209 MT). Q2 2025: Imports spiked to 3,265,099 MT, a 126% increase compared to Q2 2024 (1,441,204 MT). The Dangote Refinery, which began refining diesel and aviation fuel in January 2024, has since become a key player in both domestic and global energy trade, exporting petroleum products while importing crude […]

Abdulmumini Auwal SA September 22, 2025

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Finance

Port de Lomé : le MSC Diletta, plus grand porte-conteneurs jamais accueilli en Afrique de l’Ouest

Lomé entre dans la cour des grands du fret maritime Le 24 avril 2025, le MSC Diletta, un géant des mers long de 400 mètres et large de 61 mètres, a accosté au port autonome de Lomé, devenant ainsi le plus grand navire porte-conteneurs jamais accueilli en Afrique de l’Ouest. Cette escale historique marque un tournant stratégique pour le Togo, qui s’affirme comme un hub logistique régional majeur, capable de rivaliser avec les plus grands ports du monde. Une escale régionale d’envergure Parti de Chine, le MSC Diletta a transité par l’Inde, Singapour, puis Tema (Ghana) avant d’accoster à Lomé. Il poursuivra sa route vers Abidjan et Kribi. Capable de transporter l’équivalent de 15 000 camions de marchandises, ce navire surclasse tous ceux ayant emprunté cette ligne jusqu’à présent. Selon Grégory Krief, directeur général de MSC Togo : « Aujourd’hui, […]

Ahmad May 1, 2025

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