Nigeria sees gas opening as Iran war strains global markets
Nigeria says the war involving Iran has tightened global natural gas markets and created an opening for the country to expand its own production. The issue was set out by Ekperikpe Ekpo, Nigeria's minister of state for petroleum resources, who said the disruption could strengthen Nigeria's position as a major gas supplier. He pointed to plans linked to the Nigeria-Morocco gas pipeline and to wider efforts to attract investment.Ekpo said Nigeria wants to expand gas production and increase liquefied natural gas exports, with Europe identified as a key market. He also said the country is seeking to position its LNG... [Continue Reading]
360LiveNews | 23 Aug 2026 17:33 LONDON
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Trump renews Strait of Hormuz claim as Iran threatens to keep waterway closed
Donald Trump has renewed his claim over the Strait of Hormuz after posting a map on Truth Social that depicted the strategic waterway as "new American territory". He did not comment on the image, but the post revived a dispute that has already drawn sharp responses from Iranian officials. The exchange centres on one of the world's most important shipping lanes and comes amid continuing tension between Washington and Tehran.The latest remarks were followed by a direct warning from Mohsen Rezaei, secretary of Iran's Supreme National Security Council, who said the strait would remain closed until the United States changes... [Continue Reading]
360LiveNews | 23 Aug 2026 15:29 LONDON
Iran war drives UAE trade suspension and coal profit surge amid energy shock
The war involving Iran is continuing to disrupt energy and trade flows across the Gulf, with the United Arab Emirates suspending trade, commercial exchanges and financial transactions with Iran after saying it detected two ballistic missiles launched from Iranian territory. At the same time, coal producers are reporting stronger profits as buyers look for alternative fuels amid reduced oil and gas supplies. The developments underline how the conflict is rippling beyond the battlefield into shipping, commodities and regional commerce.According to the supplied material, the UAE moved to halt trade-related activity with Iran after the missile launches were detected. The same... [Continue Reading]
360LiveNews | 19 Aug 2026 08:30 LONDON
