Oil Prices Slide as Hormuz Crisis Keeps Markets on Edge

Crude prices fell more than $1 a barrel on Monday, but the retreat offered little comfort to energy markets as investors braced for tougher U.S. sanctions on Iran and the threat of further disruption to Middle East oil supplies. Brent crude fell $1.01, or 1.1%, to $93.38 a barrel, while U.S. West Texas Intermediate dropped…

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Broken Driveshaft Ends Jones’ Ermelo Rally

A broken left-front driveshaft has brought the Ermelo Rally to a premature end for Toyota Gazoo Racing South Africa’s Mark Jones and navigator Kes Naidoo, just as the pair appeared poised for a strong finish in Round 5 of the 2026 South African National Rally Championship. Competing in a Toyota GR Yaris, the motoring journalist…

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Europe’s EV Boom Shifts into Top Gear

ANNIE ALLEN (UK Bureau Chief) Soaring fuel prices, government incentives and cheaper electric models are sending European EV sales surging, with electric cars increasingly moving from niche choice to mainstream transport. Electric vehicle sales are accelerating across Europe as motorists battered by high fuel costs turn increasingly to battery-powered cars, helped by subsidies and a…

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EXEED Targets Nigeria’s Premium Auto Market

Chery’s premium brand arrives in December as Versat Automobile raises the stakes in Nigeria’s luxury mobility segment OLAOLU OWOEYE Nigeria’s premium automotive market is set for a major shake-up as Versat Automobile Limited prepares to introduce EXEED, the premium automotive brand of Chery Automobile, with its official Nigerian debut scheduled for December 2026. Built around…

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