Global crude oil prices continued their upward trajectory, closing at approximately $108 per barrel as tensions in the Middle East intensified. Iranian authorities sustained their criticism of a 15-point peace initiative introduced by Donald Trump, describing the proposal as biased and structured primarily to benefit the United States and Israel. The surge in oil prices—rising by nearly 6 percent—followed Iran’s rejection of ongoing diplomatic efforts aimed at resolving the conflict. This increase reflects growing uncertainty in global energy markets, largely driven by geopolitical instability in the region. Earlier in the week, prices had dropped from $103 to $98 per barrel after indications that Washington and Tehran might engage in negotiations. However, renewed tensions quickly reversed that trend, underscoring how sensitive oil markets remain to developments in the Middle East. Impact on Nigeria’s Fuel Market In Nigeria, the effect of rising global oil prices continues to be felt domestically. The state-owned oil company, NNPC Limited, currently sells petrol at about N1,261 per litre in Abuja, while private marketers offer it at around N1,371 per litre. This marks a significant increase compared to pre-crisis levels in late February, when petrol was sold between N860 and N880 per litre. The sharp rise highlights the broader economic consequences of international conflicts on local fuel pricing. Iran Maintains Strategic Position Despite rejecting the U.S. proposal, Iranian officials have not entirely ruled out diplomacy. A senior official indicated that while there is currently no viable framework for meaningful negotiations, dialogue remains a possibility if more balanced terms are presented. Tehran also reaffirmed its authority over the strategically important Strait of Hormuz, emphasizing that control of the waterway is both a sovereign and lawful right. The strait remains a critical chokepoint for global oil supply, making it central to ongoing geopolitical tensions. Key U.S. Demands and Iran’s Response The U.S. peace plan reportedly includes demands such as dismantling Iran’s nuclear program, limiting its missile capabilities, and relinquishing influence over the Strait of Hormuz. It also calls for an end to Iran’s support for regional allies. Iran, however, dismissed these terms as unrealistic and one-sided. Officials argue that the proposal fails to meet basic criteria for a fair agreement and instead advances only U.S. and Israeli interests. Escalating Rhetoric Between Washington and Tehran President Trump urged Iran to take negotiations seriously, warning that delays could worsen the situation. He also claimed that Iranian leaders were hesitant to openly acknowledge talks due to internal pressures. In response, Iranian authorities denied actively engaging in negotiations, stating that indirect communications do not constitute formal dialogue. The exchange highlights deep mistrust between both sides, further complicating peace efforts. Disagreements Over Negotiation Channels Iran has also expressed reluctance to engage with certain U.S. representatives, including Middle East envoy Steve Witkoff and advisor Jared Kushner. Instead, Tehran reportedly prefers dealing with Vice President J. D. Vance, whom it views as more pragmatic in foreign policy matters. This shift reflects Iran’s skepticism toward previous negotiation efforts, which it believes may have been used as a cover for military actions. Military Developments Intensify Crisis Amid ongoing hostilities, Israel announced the killing of Iranian naval commander Alireza Tangsiri, who was reportedly overseeing operations related to the Strait of Hormuz. Israeli Prime Minister Benjamin Netanyahu described the action as part of continued strategic coordination with the United States. The development signals further escalation, raising concerns about broader disruptions to global oil supply chains. U.S. Considers Control of Iranian Oil During a cabinet meeting, President Trump suggested that taking control of Iran’s oil resources remains a possible strategy. Drawing comparisons to U.S. involvement in Venezuela, he noted that similar approaches had yielded favorable outcomes for Washington. This statement adds another layer of complexity to an already volatile situation, as control over energy resources remains a central issue in the conflict.
The solemn event took place at the International Conference Centre, Umuahia, where dignitaries, political leaders, and members of the Christian community gathered to pay their final respects. While addressing attendees, Governor Otti encouraged citizens to lead upright and meaningful lives that would earn them lasting positive remembrance. He emphasized that the late cleric’s passing should not be viewed as an end, but rather a transition, noting that his impactful contributions and spiritual legacy would continue to endure. According to the governor, the life and works of the respected preacher serve as a guiding example for individuals across Abia, Akwa Ibom State, and the broader Christian community. He urged people not to dwell in grief but instead embrace a life that reflects integrity, purpose, and faith. In a separate tribute, the Governor of Akwa Ibom State, Umo Eno—represented by his deputy, Akon Eyakenyi—described the late evangelist as a visionary leader who mentored and inspired a generation of believers. He highlighted the enduring influence of Rev Ukpai’s teachings and spiritual guidance on countless lives. Delivering a sermon during the service, the President of the Pentecostal Fellowship of Nigeria, Francis Wale Oke, stated that the deceased dedicated his life not to material gain but to serving God and humanity. He commended the late preacher’s commitment to spiritual service and humanitarian efforts. The burial ceremony drew the presence of several notable figures, including Doye Diri, former presidential candidate Peter Obi, Senator Enyinnaya Abaribe, and the President-General of Ohanaeze Ndigbo, John Mbata, among other distinguished attendees.
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Australia’s national women’s football team, the Matildas, has publicly explained the reasoning behind selecting lower‑ranked international teams for their upcoming fixtures in the FIFA Women’s Series taking place at Nyayo National Stadium in Nairobi, Kenya. The decision has drawn attention because Australia is ranked significantly higher on the world stage than most of its scheduled opponents. Among those teams is Kenya’s Harambee Starlets, who sit much lower in the FIFA women’s international rankings. With preparations for the 2027 Women’s World Cup already underway, Australia’s head coach originally wanted matches against highly ranked squads as part of their build‑up. However, the Football Australia Federation has clarified what influenced their final selections for the Series. Kenya Gains a Major Hosting Opportunity Kenya secured a notable opportunity when it was named as one of the host countries for the FIFA Women’s Series — a new development by global football’s governing body aimed at encouraging competitive international friendlies between national teams that might otherwise rarely face each other. This Series is part of FIFA’s broader effort to increase the number of meaningful matches for women’s national teams and provide exposure and competitive experience across continents. You can learn more about the tournament initiative on the official FIFA website: https://www.fifa.com. In the Series draw, the Matildas were grouped with nations that are significantly lower in the current FIFA rankings, which has sparked discussion both in Australia and across global women’s football media. Ranking Differences Between Australia and Their Scheduled Opponents The contrast in rankings is striking: For Kenya’s Harambee Starlets, hosting matches against a powerhouse football nation like Australia represents a chance to test themselves against world‑class competition on home soil. For Australia, however, critics have raised questions about the competitive balance of the matchups. Australia’s opening match in the Series is set for April 11, where they will face Malawi first. Should the Matildas secure victory in that fixture, they will go on to play the winner of the Kenya vs India game. Why Australia Opted for Lower‑Ranked Teams After their hard‑fought loss to Japan in the Asian Cup final, Matildas head coach Joe Montemurro voiced a preference to face higher‑caliber teams ahead of the 2027 World Cup in Brazil. Montemurro said such matches would sharpen the squad and provide more rigorous preparation. Despite this, Football Australia’s executive director of football and deputy CEO Heather Garriock has explained that the Kenya Series offered the most feasible option for April scheduling. According to Garriock, most of the stronger teams Australia had hoped to arrange friendlies with were already booked for fixtures. Garriock also highlighted the value of facing different styles of play and of testing squad depth. She pointed out that competing against two African nations, including the experienced Chamwinga sisters leading the Malawi side, provides an opportunity to observe how the team adapts to new tactical challenges. “Playing two African opponents is a beneficial chance to expose the squad to a very different style of play, and helps us test the depth of our roster,” Garriock said. Squad Selection and Sam Kerr’s Availability With the Series still several weeks out, there is speculation that Montemurro might choose to give fringe players valuable minutes, which could mean leaving out some of Australia’s biggest stars. This includes the possibility that Sam Kerr, Mary Fowler, and Caitlin Foord might not travel to Nairobi, allowing younger or backup players to gain more playing time in international competition. Additional International Match Notes In related FIFA Women’s Series activity, Harambee Starlets are also set to feature in matches against Estonia as part of a separate men’s Series event taking place in Rwanda. Estonia recently announced their squad for the fixture, with striker Rauno Sappinen highlighted as the leading member. Meanwhile, Arsenal goalkeeper Karl Hein was excluded from the selection due to injury.
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The conflict in the Middle East has entered a new phase as the United States and Iran presented separate counter-proposals aimed at ending the ongoing war that began three weeks ago. The crisis, which also involves Israel, continues to raise global concern as diplomatic efforts intensify to secure a ceasefire agreement. United States President Donald Trump introduced a detailed 15-point framework intended to bring the war to an end. The proposal outlined strict conditions that must be fulfilled before hostilities could stop, particularly regarding Iran’s nuclear programme and regional military activities. According to the plan, nuclear facilities located in Natanz Nuclear Facility, Isfahan Nuclear Technology Center, and Fordow Fuel Enrichment Plant would have to be completely dismantled. The proposal also demanded full transparency under the supervision of the International Atomic Energy Agency, ensuring that all nuclear-related activities in Tehran are monitored without restriction. Washington’s proposal further required Iran to abandon the use of armed proxy groups across the region, halt the supply of weapons to allied militias, and end financial support for organizations operating outside its borders. In addition, the plan stated that Iran must surrender all enriched nuclear material to international inspectors and permanently agree not to pursue nuclear weapons development in the future. The United States government transmitted the proposal directly to Tehran, signalling the White House’s urgency to find a diplomatic exit from the conflict as economic pressure linked to the war continues to grow. Iran Rejects Proposal and Presents New Conditions Iran dismissed the 15-point framework and responded with its own list of demands, describing the American plan as unacceptable. Officials in Tehran stated that any ceasefire would only take place based on Iran’s conditions and within a timeline determined by its leadership. Iran’s counter-proposal reportedly included a demand for the closure of American military bases across the Middle East and the creation of a new shipping regulation for the Strait of Hormuz, allowing Tehran to charge transit fees for vessels passing through the channel, similar to how Egypt collects tolls at the Suez Canal. The Iranian leadership also insisted that Israel must end its military operations against the Iran-supported Lebanese group Hezbollah. Furthermore, Tehran called for the removal of all international sanctions and demanded that its missile programme remain untouched, with no negotiations permitted to limit its development. State broadcaster Press TV quoted a senior security official who confirmed that the United States proposal had been reviewed and formally rejected. The official stated that Iran would not allow Washington to decide when the war should end, stressing that the country would only agree to stop fighting when its own conditions are fully satisfied. He described the American terms as excessive and unrealistic, adding that Tehran considers the proposal one-sided and unacceptable. Iranian Military Mocks Ceasefire Efforts Iranian military spokesperson Lt. Col. Ebrahim Zolfaghari criticised the United States for what he described as weak negotiation tactics. In a recorded message broadcast on national television, he claimed that American strategic influence in the region had turned into failure. He stated that a country claiming global dominance should have already resolved the conflict if it truly had control, adding that attempts to present defeat as diplomacy would not succeed. According to him, Iran has maintained the same position since the beginning of the war and has no intention of changing it. He added that Iran would never accept an agreement imposed by the United States and insisted that the conflict would end only when Tehran decides the time is right. Pentagon Expands Missile Production for Ongoing War As diplomatic tensions continue, the United States Department of Defense announced new agreements with major defence manufacturers to increase missile production due to the heavy use of munitions during the conflict. Contracts were signed with Lockheed Martin and BAE Systems to significantly increase the output of seeker heads used in the THAAD missile defence system, which has been widely deployed in the Middle East to intercept Iranian attacks. The Pentagon stated that the objective is to place the defence industry on a wartime production level to maintain sufficient stockpiles. Production of THAAD components is expected to increase several times over the next few years. Another agreement with Lockheed Martin will accelerate manufacturing of Precision Strike Missiles, a modern tactical ballistic weapon that replaced the older ATACMS system and has already been used during the current conflict. A separate contract with Honeywell Aerospace will expand the production of navigation systems, missile control components, and electronic warfare equipment required for modern air-to-air and ground-based missile systems. The company confirmed a long-term investment aimed at strengthening manufacturing capacity so that defence technology can be produced at a much faster rate during the war. UN Warns Middle East War Is Escalating The Secretary-General of the United Nations, António Guterres, warned that the situation in the Middle East is becoming increasingly dangerous and could lead to wider global consequences if fighting continues. He stated that the conflict has gone beyond what world leaders expected and risks triggering a larger regional war. According to him, prolonged fighting will bring more human suffering and could cause serious economic disruption worldwide. Guterres urged all parties involved to return to negotiations and avoid further escalation, warning that the longer the war continues, the more difficult it will become to control its impact.
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Hezbollah refuses ceasefire discussions as Israel intensifies strikes in Lebanon Hezbollah leader Naim Qassem declared that holding talks with Israel while attacks continue would be equal to “accepting defeat”, as the Iran-supported movement carried out fresh operations and Israel announced it was widening a so-called security buffer inside Lebanese territory. Israel, which maintained control over southern Lebanon for nearly twenty years before withdrawing in 2000, has continued air raids on its northern neighbor and deployed ground forces to secure a zone stretching toward the Litani River, roughly 30 kilometres (20 miles) from the frontier. Israeli Prime Minister Benjamin Netanyahu stated that the army had already established what he described as a real security zone and was in the process of enlarging it further, advancing deeper into Lebanon. According to Netanyahu, the objective is to build a wider defensive area that could stop potential ground incursions into Israel and reduce the threat of missile strikes. The remarks were delivered in a video released by his office. Meanwhile, Hezbollah released numerous statements reporting attacks against Israeli troops, adding that missiles were fired early Thursday toward military installations in central Israel, triggering air-raid alarms in several locations. Israeli news outlets reported that six rockets aimed at central regions were successfully intercepted before impact. United Nations Secretary-General Antonio Guterres urged both parties to halt hostilities, warning Israel against repeating what he described as the “Gaza model” in southern Lebanon, a scenario that could lead to large-scale civilian displacement if carried out. Hezbollah announced that its fighters conducted more than eighty operations on Wednesday, the highest number recorded in a single day during the ongoing conflict, and said Israeli positions in nine border communities were targeted. The Israeli military confirmed that one soldier was seriously injured by rocket fire in southern Lebanon and another was wounded by a mortar explosion. Earlier reports also mentioned an officer sustaining minor injuries during clashes. Rockets launched toward the Haifa region in northern Israel caused no casualties, according to officials. Lebanon became directly involved in the regional conflict when Hezbollah began launching rockets into Israel on March 2, saying the action was retaliation for the killing of Iran’s supreme leader Ayatollah Ali Khamenei. In an effort to stop the violence, Lebanon’s president has proposed rare direct negotiations with Israel, although Israeli authorities have so far rejected the suggestion. Qassem insisted that his group would not accept talks under military pressure, stating that negotiations while attacks continue would be considered forced surrender. Health workers among those killed Lebanon’s official National News Agency reported Israeli airstrikes and artillery fire across several southern locations on Wednesday. The health ministry said at least eight people died in those attacks. The agency also confirmed a strike on the southern suburbs of Beirut, an area known to be a Hezbollah stronghold. Israel’s military said the strike targeted what it described as a command center after issuing a renewed evacuation notice for the area. Witnesses reported streets covered with debris, broken concrete and twisted metal following the early-morning explosion, while upper floors of a residential building appeared heavily damaged. The neighborhood has been hit repeatedly since the start of the conflict and most residents have already fled the area. In southern Lebanon, Israeli forces said ground troops destroyed a weapons storage site and that the air force eliminated several militants during operations. Hezbollah stated that its fighters struck Israeli units gathered near the border towns of Naqura and Qawzah and launched more than one hundred rockets at positions across the frontier on Wednesday. Lebanon’s health ministry reported that forty-two medical workers are among more than one thousand people killed in the country during over three weeks of Israeli bombardment. Officials in Lebanon say the fighting has forced more than one million people to leave their homes, creating one of the largest displacement crises in recent years.
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United States President Donald Trump stated on Wednesday that Iran is secretly interested in reaching a peace agreement, even though officials in Tehran continue to publicly deny any involvement in negotiations. According to Trump, Iranian representatives are hesitant to admit they want a deal because they fear retaliation from their own political system. Speaking during a dinner event attended by Republican lawmakers, Trump said Iran is actively participating in discussions behind the scenes and is eager to come to an agreement. However, he suggested that Iranian negotiators are unwilling to acknowledge this openly because they believe such an admission could put their lives at risk. “They are negotiating, and they want a deal very badly,” Trump told the audience. He added that Iranian officials are worried about consequences from their own government if they confirm the talks, and also fear strong military action from the United States. Trump’s remarks came shortly after Iran’s Foreign Minister Abbas Araghchi publicly declared that the country had no intention of entering negotiations with Washington. Despite that statement, the US president insisted that discussions are ongoing and productive. The conflict between the United States and Iran has now entered its fourth week. Trump claimed that Iran is suffering significant losses and described the country as being heavily weakened by ongoing military pressure. Nevertheless, Iran still controls the Strait of Hormuz, a critical global oil shipping route, giving Tehran strategic leverage in the region. During his speech, Trump also criticized political opponents in the United States, accusing Democrats of attempting to distract the public from what he described as major success in the current military campaign. He argued that critics prefer to avoid calling the situation a war because doing so would require formal approval from Congress. “They don’t like to use the word war,” Trump said, adding that he would instead refer to the situation as a military operation. Earlier, the White House warned that the United States is prepared to escalate its response if Iran refuses to acknowledge defeat. Officials said the administration is ready to take stronger action if negotiations fail, while maintaining that diplomatic contacts are still taking place. Iranian state media previously reported that Tehran rejected a proposed multi-point plan from Washington, citing an unnamed official who described the response as negative. Despite that report, US officials continue to say that discussions have not stopped. White House Press Secretary Karoline Leavitt told reporters that the United States remains firm in its position. She said that if Iran does not recognize the current situation, the country could face even more severe consequences. According to Leavitt, President Trump is prepared to act decisively if necessary and will not hesitate to increase military pressure. She also stated that talks are still ongoing and described them as productive, though she did not provide details about the individuals representing Iran. Questions remain about leadership inside Iran following reports surrounding the death of Supreme Leader Ali Khamenei. His son, Mojtaba Khamenei, who is widely believed to be his successor, has not appeared publicly, creating uncertainty about who is currently directing negotiations. Some reports suggest that Iran’s parliament speaker, Mohammad Bagher Ghalibaf, may be involved in discussions with US officials, although the White House has not confirmed this information. There have also been claims that senior American officials, including Vice President JD Vance, could participate in meetings with Iranian representatives in Pakistan, a country believed to be helping mediate between both sides. Officials declined to confirm those reports. Meanwhile, the United States has deployed additional airborne troops and Marines to the Gulf region. The military buildup has fueled speculation that Washington could consider a ground operation aimed at securing oil facilities or ensuring control of the Strait of Hormuz, one of the most important energy routes in the world. The White House has maintained its earlier estimate that the military campaign could last between four and six weeks. Trump also announced that his planned trip to China to meet President Xi Jinping was postponed due to the conflict and has now been rescheduled for mid-May. Officials say the administration continues to monitor the situation closely while keeping both military and diplomatic options open.
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Liverpool have reportedly started making plans for life after Mohamed Salah, with Michael Olise emerging as a possible replacement at Anfield. The club is already preparing for the expected departure of the Egyptian forward at the end of the current campaign, and scouting activities have intensified as management looks for a suitable winger who can maintain the team’s attacking strength. Recent reports indicate that Liverpool’s recruitment team has been monitoring Olise closely after his outstanding performances in the Bundesliga. The Bayern Munich winger has developed into one of the most exciting attacking players in Europe, attracting attention from several elite clubs due to his speed, creativity, and ability to score important goals. Liverpool see him as a player capable of fitting into their tactical system without major adjustments. Salah recently confirmed that he will leave Liverpool when the season concludes, bringing an end to a highly successful era at the club. Since arriving at Anfield, he has played a key role in multiple trophy victories and has consistently been one of the top scorers in the Premier League. His departure means the club must find a replacement who can deliver similar attacking output and maintain the team’s competitive level in domestic and European competitions. According to reports from the Daily Mail, Liverpool have placed Olise on their shortlist of targets. The club believes the French international has the technical quality and attacking intelligence needed to thrive in the Premier League. His ability to operate on the wing, create chances, and contribute goals makes him a strong candidate to fill the gap that will be left when Salah exits. Despite Liverpool’s interest, signing Olise will not be straightforward. Bayern Munich are not willing to let the player leave easily, especially after his impressive impact since joining the German champions from Crystal Palace two years ago. The Bundesliga side consider him an important part of their long-term project and are expected to resist any transfer approach during the summer window. Olise has continued to grow in confidence since moving to Germany, becoming one of the key players under manager Vincent Kompany. His performances last season helped Bayern Munich secure the Bundesliga title, further increasing his value in the transfer market. Because of this, any club hoping to sign him will likely need to make a significant offer to convince Bayern to negotiate. Liverpool supporters are now watching closely to see how the club handles the situation. Replacing a player of Salah’s quality will not be easy, but the interest in Olise shows that the club is already working on a long-term solution. If the move becomes possible, the French winger could become the next major attacking star at Anfield.
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Governor Abba Kabir Yusuf has officially relieved Shehu Wada Sagagi of his duties as the Commissioner for Investment, Commerce, and Industry in Kano State, directing that the change should take effect immediately. The announcement was made public through a formal statement released on Thursday by the governor’s spokesperson, Sunusi Bature Dawakin Tofa, who confirmed that the decision forms part of the administration’s ongoing adjustments aimed at strengthening governance and improving the efficiency of state operations. According to the official communication, the former commissioner has been instructed to hand over all official documents, responsibilities, and ministry affairs to the Director of Commerce without any delay. The directive emphasizes the need for a smooth transition to ensure that activities within the Ministry of Investment, Commerce, and Industry continue without interruption. The statement further noted that the governor recognized the efforts and contributions made by Sagagi during his time in office. His role in supporting the development of the state, especially in political engagement, religious harmony, and the promotion of small and medium-scale enterprises, was acknowledged as part of his service record. Governor Yusuf expressed appreciation for the dedication shown by the former commissioner while serving in the cabinet. He also conveyed his good wishes for Sagagi’s future endeavors, stating that his administration values the commitment of individuals who have contributed to the progress of the state. In addition, the governor reassured the people of Kano that his government remains committed to delivering responsible leadership, strengthening public institutions, and improving the quality of services provided to residents. He explained that changes within the cabinet are sometimes necessary to maintain effectiveness, accountability, and long-term growth. The statement concluded by explaining that the removal is part of a broader restructuring process currently being carried out by the state government. The objective of the restructuring is to enhance performance across ministries, departments, and agencies while ensuring sustainable development and better service delivery to the citizens of Kano State.
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Fuel prices in Morocco are likely to increase again following the recent adjustment earlier this month, according to insiders in the fuel retail sector and labor union representatives. The ongoing conflict in the Middle East continues to create instability in global oil markets, placing renewed pressure on fuel costs and weakening household purchasing power across the country. Earlier in March, the prices of diesel and gasoline were already adjusted upward. Diesel rose by nearly 2 dirhams per liter, while gasoline increased by about 1.5 dirhams per liter. A representative from the National Federation of Fuel Station Owners, Traders, and Managers revealed that another price rise is now highly expected. However, the exact date and method of implementation remain uncertain because fuel pricing decisions are controlled by supply and distribution companies rather than station operators. Fuel station owners are currently operating under significant uncertainty, not only regarding price changes but also concerning the status of national fuel reserves. According to the industry source, retailers often receive unofficial information about upcoming price increases through rumors and discussions circulating in the market, sometimes even through social media platforms, just like ordinary consumers. He further explained that official confirmation of new prices usually reaches station owners only a few hours before the changes take effect. Distributors rarely provide clear guidance, long-term pricing plans, or transparent commercial strategies, leaving retailers unable to prepare adequately for sudden adjustments. Market indicators suggest that another increase is almost unavoidable. Estimates indicate that the total rise could reach around 2 dirhams per liter. One possible scenario being discussed within the sector is that the increase may be applied gradually in two stages, with one adjustment at the end of March and another in mid-April, instead of implementing the full increase at once. Such a gradual approach, according to the source, would help reduce the shock on consumers and prevent a sudden financial burden on both households and fuel station operators. Even with higher pump prices, retailers do not benefit from the increase, as their profit margins remain fixed at approximately 350 to 400 dirhams per ton regardless of the selling price. He stressed that higher fuel prices do not translate into higher profits for station owners. Instead, the rise leads to higher operating costs, increased investment requirements, and more financial pressure on businesses within the distribution chain. Houssine El Yamani, Secretary-General of the National Petroleum and Gas Union affiliated with the Democratic Confederation of Labour, described the consequences of the Middle East conflict as alarming. He warned that diesel prices in Morocco could eventually reach 18 dirhams per liter after adding international market costs, taxes, transportation expenses, and distributor margins. According to him, urgent government action is necessary to maintain economic stability, protect citizens’ purchasing power, and prevent social tension. Without intervention, continued increases in fuel prices could have serious consequences for transport costs, food prices, and overall living expenses. In response to the situation, the Moroccan government announced on March 17 that it would begin a new phase of exceptional financial support for road transport professionals in order to reduce the burden caused by rising fuel costs. Meanwhile, the Ministry of Energy Transition confirmed that fuel supply operations through ports and the domestic distribution network remain stable, assuring the public that there is no immediate risk of fuel shortages despite the volatile international market. The global oil market continues to react to geopolitical tensions, particularly the ongoing conflict in the Middle East, which remains one of the most important oil-producing regions in the world. Any disruption in supply, shipping routes, or production levels directly affects fuel prices in importing countries such as Morocco, making local prices highly sensitive to international developments. For more information about global oil market trends, readers can refer to the International Energy Agency report:https://www.iea.org/
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The European Commission has decided to postpone the official release of a long-awaited proposal aimed at enforcing a permanent ban on the importation of Russian oil. This delay comes at a time when the ongoing conflict in the Middle East continues to shake global energy markets, pushing crude oil prices above the $100 mark per barrel and creating uncertainty among European policymakers. The postponement also occurs during a period of disagreement with Hungary and Slovakia, which remain the only European Union member countries still purchasing crude oil from Russia through the historic Druzhba pipeline that dates back to the Soviet era. The legislative plan, which forms part of the broader REPowerEU strategy designed to reduce dependence on Russian fossil fuels, had originally been expected to be presented on April 15. However, the scheduled date has now been removed without confirmation of a new timeline. According to Anna-Kaisa Itkonen, spokesperson for the European Commission on energy matters, there is currently no confirmed date for the presentation of the proposal. She emphasized that the Commission remains fully committed to introducing the measure, even though the exact timing has changed due to ongoing geopolitical developments. One of the major reasons behind the delay is the escalation of tensions involving Iran, following military strikes carried out by the United States and Israel. These events have caused major disruptions in the global oil supply chain, including the temporary closure of the Strait of Hormuz, which is considered one of the most critical maritime routes for energy transportation. Before the disruption, the passage handled roughly one-fifth of the world’s daily oil and liquefied natural gas shipments, making any instability in the region capable of triggering sharp price increases worldwide. Earlier this week, U.S. President Donald Trump announced that discussions with Iran had been productive and could potentially lead to the end of hostilities. However, Iranian officials quickly rejected that statement, creating further uncertainty in the market. Despite the conflicting messages, oil prices dropped slightly from about $112 to around $102 per barrel after the announcement, showing how sensitive the energy market remains to political signals. At the same time, the United States made a decision to relax certain sanctions related to Russian oil exports in an effort to stabilize supply and calm volatile markets. This move generated strong criticism from several European leaders, who believe easing restrictions could weaken the collective effort to reduce reliance on Russian energy resources. The European Commission clarified that the delay in presenting the proposal should not be interpreted as a change in policy direction. Officials repeated that the ban on Russian oil remains part of the long-term plan to strengthen energy independence within the European Union. Quoting European Commission President Ursula von der Leyen, officials warned that returning to Russian fossil fuels after the end of the war in Ukraine would represent a serious strategic mistake that could expose Europe to future political and economic pressure. Opposition from Hungary and Slovakia Previously, the European Union had already imposed restrictions on Russian oil through its sanctions framework, which must be renewed every six months with the approval of all member states. Hungary and Slovakia were granted special exemptions, allowing them to continue importing Russian crude because of their heavy reliance on the Druzhba pipeline for energy supply. The new proposal, however, is being treated as an energy regulation instead of a foreign policy sanction. This means it could be approved through a qualified majority vote rather than requiring unanimous support. European officials believe this approach will prevent individual countries from blocking the decision in the future and will help eliminate remaining loopholes in the current system. Under the REPowerEU roadmap, the European Union has already taken steps to phase out Russian gas imports, including plans to stop buying liquefied natural gas by the end of 2026 and to halt pipeline gas imports by autumn 2027. These measures are part of a broader effort to diversify energy sources and strengthen supply security across the region. Hungary and Slovakia have strongly opposed these changes and have already taken legal action against the planned gas restrictions. Both governments have warned that they may also challenge the proposed oil ban if it moves forward, arguing that the policy could seriously damage their economies. The dispute has become even more complicated because of the ongoing disagreement with Ukraine over the Druzhba pipeline, which transports relatively cheap Russian crude oil through Ukrainian territory to Central Europe. Ukrainian authorities say the pipeline infrastructure suffered significant damage earlier this year during military activity and requires repairs before operations can safely continue. However, officials in Budapest and Bratislava reject this explanation, claiming the shutdown is politically motivated and linked to upcoming elections in Hungary scheduled for April 12. The disagreement has intensified tensions between the countries and has contributed to delays in approving a €90 billion financial assistance package intended to support Ukraine. As a result of these combined geopolitical conflicts, legal disputes, and market instability, the European Commission has chosen to postpone the announcement of the oil ban proposal while it reassesses the situation and prepares a strategy that can gain sufficient support within theEU delays proposal to ban Russian oil amid Iran war, price spikes and Druzhba row
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Following a sharp increase in global crude oil prices triggered by the ongoing conflict in the Middle East, Africa’s richest businessman, Aliko Dangote, has commenced the export of refined petroleum products from the Dangote mega-refinery to several African nations experiencing fuel supply pressure. The development comes as many countries struggle with disruptions in international oil shipments and rising energy costs across global markets. Nigeria’s massive refinery project, owned by Dangote, recently confirmed that it has started supplying fuel to neighboring African countries after the crisis in the Middle East caused instability in global oil distribution channels. The situation worsened after shipping activities through the strategic Strait of Hormuz were affected, forcing many fuel-dependent nations to search for alternative suppliers to stabilize their domestic markets. Countries receiving fuel from Dangote refinery According to reports from Deutsche Welle Africa, the refinery disclosed that it had successfully delivered 12 cargo shipments totaling about 456,000 tonnes of petroleum products to several African countries. These include Ghana, Tanzania, Cameroon, Ivory Coast, and Togo, all of which have recently faced supply challenges due to the global oil market crisis. The Dangote refinery, located near Lagos, Nigeria’s commercial center, has a production capacity of approximately 650,000 barrels per day, making it the largest single-train refinery in Africa. With this output level, the facility is capable of fully meeting Nigeria’s internal fuel demand while also exporting surplus products to other African economies.The company stated that the refinery is expected to significantly improve energy stability across West, East, and Central Africa by reducing reliance on imported fuel from outside the continent. Recent data published by Bloomberg indicates that the refinery is currently exporting close to 90,000 barrels per day, with additional requests already coming from markets outside Africa, particularly for aviation fuel. At the beginning of the Middle East crisis, Dangote assured that the domestic Nigerian market would remain the first priority in order to prevent shortages and reduce the impact of price increases on local consumers.Before the refinery became operational in 2024, Nigeria depended heavily on imported petroleum products and regularly experienced fuel scarcity. Possible fuel shortage concerns in Kenya Kenya is among the African countries that have shown interest in sourcing fuel from the Dangote Oil Refining Company as supply uncertainties continue to grow.Geopolitical economist Aly-Khan Satchu explained that Kenya could soon face a fuel shortage because the country relies largely on imports from the Middle East. He noted that the major challenge is not only securing fuel deliveries on time but also managing the rapidly rising cost of crude oil. According to him, key Middle Eastern crude blends such as Omani and Murban have already approached $150 per barrel, representing a price increase of more than 100 percent compared to earlier levels. Nigeria and South Africa are also reportedly discussing a possible 12-month fuel supply agreement, which could further strengthen regional energy cooperation and reduce dependence on overseas suppliers. Current fuel prices in Kenya Despite the global surge in oil prices, Kenya’s Energy and Petroleum Regulatory Authority has maintained stable fuel prices for the moment, protecting consumers fromAfrica’s richest man Aliko Dangote starts exporting fuel to African countries amid shortageBecause most of the country’s fuel stock was imported before the Middle East crisis intensified, the impact on retail prices has been limited so far. In Nairobi, the current pump prices stand at approximately: In Mombasa, residents pay slightly lower rates: The situation remains uncertain, however, as continued instability in global oil supply routes could lead to further price adjustments in the coming months.
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Global commerce is expected to slow down in 2026 after experiencing strong expansion in 2025, largely fueled by increased demand for artificial-intelligence-related products. However, the ongoing Middle East conflict is projected to put additional pressure on international trade and could further weaken growth. This projection comes from the latest Global Trade Outlook and Statistics report released by the World Trade Organization. According to the publication, the growth rate of global merchandise trade volume is forecast to decline from 4.6% in 2025 to about 1.9% in 2026, before improving slightly to 2.6% in 2027. Meanwhile, trade in services is expected to moderate from 5.3% growth in 2025 to 4.8% in 2026, with a mild increase to 5.1% in 2027. During 2025, the combined value of global goods and services trade increased by approximately 4.7%, exceeding the world GDP growth rate of 2.9%. For 2026, economists anticipate that trade expansion and GDP growth will move at nearly the same pace, with trade rising around 2.7% and global economic output increasing by roughly 2.8%. The report also highlights that the total value of global merchandise exports reached about US$26.26 trillion in 2025, representing a 7% rise compared with 2024. Trade in services climbed to around US$9.56 trillion, reflecting an 8% increase over the same period. When calculated using balance-of-payments data, the total value of goods and services trade stood at US$34.65 trillion in 2025, marking a year-on-year gain of 7%. Despite this strong performance, WTO analysts warn that sustained increases in oil prices caused by the Middle East conflict could reduce the expected 1.9% merchandise trade growth in 2026 by about 0.5 percentage points. On the other hand, trade could improve by the same margin if demand for AI-related technologies remains as strong as it was in 2025. The report further states that the conflict could affect services trade just as much as goods trade. Growth in services could fall by about 0.7 percentage points in 2026 due to risks affecting global transport, aviation, and tourism industries. A prolonged geopolitical crisis may keep shipping and fuel expenses at high levels, interrupt key sea and air routes, and reduce tourism activity across several regions. These developments could weaken global travel demand and slow economic activity in multiple sectors. Apart from energy supply concerns, the blockade of the Strait of Hormuz has also affected fertilizer shipments that are vital for global agricultural production. Nearly one-third of the world’s fertilizer exports normally pass through this route, making the disruption a major risk for food supply chains. Large agricultural economies such as India, Thailand, and Brazil rely heavily on fertilizer imports from the Gulf region, accounting for about 40%, 70%, and 35% of their urea supply respectively. At the same time, Gulf countries depend heavily on imported food, with roughly 75% of rice and more than 90% of corn, soybeans, and vegetable oil coming from abroad. Alternative shipping routes could therefore increase costs significantly for both exporters and importers. Speaking during the presentation of the report, WTO Director-General Ngozi Okonjo-Iweala stated that global trade has shown resilience thanks to strong demand for high-technology products, growth in digitally delivered services, and improved supply-chain adjustments. She also noted that the absence of large-scale tariff retaliation helped maintain stability in 2025. However, she warned that the Middle East conflict remains a serious risk to the baseline forecast. Continued increases in energy prices could create wider economic pressure, including higher food costs and increased expenses for consumers and businesses worldwide. Dr. Okonjo-Iweala emphasized that WTO member countries can reduce the negative effects by maintaining stable trade policies, avoiding sudden tariff increases, and strengthening supply chains to ensure smoother movement of goods across borders. Trade Growth Performance in 2025 According to data available as of March 10, the volume of global merchandise trade grew by 4.6% in 2025, which was higher than the 2.4% growth predicted in the October 2025 outlook. The stronger-than-expected performance was partly due to the temporary suspension of new tariffs by the United States until August, limited retaliatory measures from other economies, and several exemptions applied to certain products. Another important factor supporting trade growth was the sharp rise in demand for AI-enabling goods. The total value of trade in these products increased by 21.9% year-on-year, reaching about US$4.18 trillion in 2025 compared with US$3.43 trillion in 2024. Although these goods represent only a small portion of global trade, they accounted for roughly 42% of the total growth recorded in 2025. Many AI-related products such as semiconductors, advanced chips, and data-transmission equipment remain excluded from most tariff increases, which helped keep trade flowing. For 2026, WTO economists believe that recent tariff changes mainly reflect adjustments in strategy rather than major policy shifts. By the end of February 2026, around 72% of world trade was still conducted under the Most-Favoured-Nation system, meaning countries apply the same tariff rates to most trading partners. This confirms that MFN tariffs continue to be the primary framework governing international trade across most industries. Regional Trade Forecast Under the baseline forecast, Asia is expected to record the fastest merchandise import growth in 2026 at around 3.3%, followed closely by Africa at 3.2%, South America at 2.5%, Europe at 1.3%, and the Middle East at 1.0%. North America’s import growth is projected to remain almost unchanged at 0.3%, while the Commonwealth of Independent States region could see a decline of about 2%. On the export side, Asia and South America are expected to lead with growth of about 3.5% each. North America may grow by 1.4%, the CIS by 1.3%, and Africa by 1.2%. In contrast, the Middle East is forecast to experience slower export growth of around 0.6%, while Europe may remain nearly stagnant at about 0.5%. Least-developed countries are projected to record import growth of about 4.5% and export growth of roughly 2.9% in 2026 under the baseline scenario. If energy prices remain high, regions that depend heavily on imported fuel such as Asia and Europe could experience the largest decline in
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Saudi Arabia’s Crown Prince Mohammed bin Salman has reportedly encouraged former U.S. President Donald Trump to consider sending ground forces into Iran, describing the current conflict as a rare strategic chance to remove Iran’s leadership. Reports indicate that the Saudi leader views the situation as a historic turning point that could reshape power balance in the Middle East if handled decisively. Trump reportedly considering ground operation in Iran after private discussions According to information shared with The New York Times, the Saudi Crown Prince held multiple conversations with Trump during the past week. During those calls, he insisted that the conflict should not end without fully weakening Iran’s leadership, arguing that stopping too early could allow Tehran to rebuild its strength and continue threatening regional stability. These developments emerged shortly after Trump announced a temporary five-day suspension of U.S. strikes on Iranian oil facilities. The pause was meant to create room for indirect negotiations between Washington and Tehran through mediators, signaling that the United States might be exploring diplomatic options to avoid a prolonged war. Despite the diplomatic channel, U.S. military planners are reportedly evaluating the deployment of about 3,000 troops from the 82nd Airborne Division. The unit could be sent to the Middle East to reinforce thousands of Marines already stationed in the region, raising the possibility of a ground invasion if negotiations collapse. Saudi leadership warns Iran could remain long-term threat Sources familiar with the discussions stated that Mohammed bin Salman believes Iran’s current government will continue to destabilize the Gulf region unless its power structure is completely dismantled. He reportedly advised that U.S. forces should secure Iran’s energy infrastructure and push for political change, saying this would prevent future attacks on neighboring countries. However, Trump is said to have raised concerns about the economic consequences of deeper military action. Oil prices have already increased since the conflict began, with fuel costs in the United States climbing sharply. Higher energy prices could affect global markets and domestic inflation, making further escalation risky. Publicly, Saudi Arabia has maintained that it supports diplomatic solutions, even as the kingdom faces repeated attacks on its own energy facilities. Iranian drones and missiles have targeted Saudi oil fields, refineries, and infrastructure since the first strikes carried out by the United States and Israel earlier in the conflict. Saudi Arabia calls for peace publicly while tensions continue A Saudi government spokesperson stated that the kingdom still supports a peaceful resolution and remains in close communication with Washington. Officials stressed that their main priority is protecting civilians and infrastructure from daily attacks, while also warning that Iran’s actions are making negotiations more difficult. Reports also indicate that both Saudi and American officials are worried the conflict could turn into a long-lasting war. Although Saudi Arabia uses advanced missile defense systems, including Patriot missile system, some attacks have still reached their targets, damaging energy facilities and increasing pressure on the region’s oil supply. The situation became more serious after strikes affected Saudi oil production sites and even threatened diplomatic locations, forcing the United States to temporarily evacuate its embassy staff in Riyadh. Possibility of invasion grows as more troops move to region Military activity in the Middle East has increased in recent days. Around 2,500 Marines were deployed aboard naval ships heading toward the region, while the amphibious assault ship USS Tripoli was redirected from the Pacific with more than 2,000 additional troops on board. If the situation worsens, these forces could be used in an operation targeting Iran’s key export facility on Kharg Island, where most of the country’s oil shipments are processed. Control of this location would significantly affect Iran’s economy and ability to fund military actions. Oil markets reacted quickly to the uncertainty. Brent crude prices climbed above $100 per barrel as hopes for a quick settlement weakened, showing how closely the global economy is tied to stability in the Trump on brink of ground invasion in Iran as Saudi strongman makes astonishing pitch in secret call. Trump stated that negotiations are still possible and that talks with Iran have been productive so far. However, he warned that if diplomacy fails, the United States is prepared to continue military strikes until its objectives are achieved. Iranian officials denied having any direct contact with Trump and insisted that the country would not accept pressure through military force, leaving the future of the conflict uncertain.
