Trump Rules Out Iran Talks as Strait of Hormuz Crisis Deepens

Dangote Petroleum Refinery and Petrochemicals has secured a $1 billion underwriting programme comprising a completed private placement and an additional commitment to support its planned initial public offering

US President Donald Trump has declared the Strait of Hormuz a "new US territory," intensifying tensions with Iran as global oil prices remain elevated nearly six months into the war between the two countries.

Tanker movements through the Strait of Hormuz have become increasingly unpredictable as heightened security risks and Iran’s efforts to assert greater control over the waterway leave vessels uncertain about when and where they can safely transit

Brent crude climbed above $91 a barrel on Tuesday after a cargo vessel was struck by an unidentified projectile while transiting the Strait of Hormuz, adding to concerns that escalating regional tensions could disrupt oil and LNG supplies