The double blockade of the Strait of Hormuz and the Bab el-Mandeb has turbo-boosted oil prices this week, with both ICE Brent and WTI gaining $10 per barrel on the week.
Category: Oil & Gas
Tanker Strikes: Iran Threats Push Oil Past $98, deVere CEO Warns of Inflation Shock
Oil surging above $98 forces investors to reprice risk across investment portfolios, affirms the CEO of one of the world’s largest independent financial advisory organisations.
Africa Trade Gateway Delivers $5.3M Cross-Border Transaction in First Energy Sector Trade in Southern Africa
Harare, Zimbabwe// — A US$5.3-million cross-border fuel (gasoil) trade transaction has been completed with the support of the Africa Trade Gateway (ATG), African Export-Import Bank’s (Afreximbank’s) (www.Afreximbank.com) flagship digital trade ecosystem, demonstrating the value and efficacy of the Gateway in powering African trade.
Oil’s up 4%. The Number that Matters is up 1,900%: deVere CEO
Forget the 4% oil price hike jump. Watch what it now costs to insure a tanker through Hormuz, says the CEO of one of the world’s largest independent financial advisory organisations.
Oil Markets Ignore Mounting Risks at Their Own Peril
US forces striking civilian infrastructure in Iran, Tehran attacking a Kuwaiti power and desalination plant, repeated attacks on tankers in the Hormuz Strait, and the potential extension of maritime warfare towards the Bab el-Mandeb Strait – all this points towards oil prices continuing their upward movement in the days to come.
Nigeria’s Dangote Begins Pricing Local Fuel Sales in Dollars, Citing Crude Supply Constraints
Nigeria’s Dangote Petroleum Refinery has begun pricing fuel products for the local market in U.S. dollars, with a company spokesperson on Tuesday citing difficulties securing sufficient crude under the government’s naira-for-crude programme and rising global oil prices.
Hormuz Tolls Are Coming. So is a New Tax on the World’s Energy
Tolls in the Strait of Hormuz now look almost impossible to avoid. Should they land, the world would be paying a new tax on energy itself, and everyone from investors to households would feel it.
Oil’s Calm Is Over as Middle East Risks Return
The return of the Middle Eastern geopolitical risk premium has lifted global oil prices by $4 per barrel this week, with ICE Brent set to settle above $76 per barrel.
Iran’s Biggest Weapon May Not Be Missiles—But Tolls
The prospect of a permanent toll on ships transiting the Strait of Hormuz has become a credible risk for global markets and could prove far more consequential for investors than the latest military escalation, warns Nigel Green, CEO of financial advisory giant deVere Group.
Nigerian Operators Strengthen Africa-Wide Energy Collaboration at African Energy Week
South Africa// — Leading Nigerian oil and gas operators are set to play a major role at African Energy Week (AEW) 2026, bringing upstream expertise, project development experience and investment momentum to Cape Town as Africa seeks to accelerate regional energy collaboration.