ANNIE ALLEN (UK Bureau Chief) Global oil prices whipsawed on Monday as hopes of renewed diplomatic engagement between the United States and Iran briefly eased fears of supply disruptions, even as escalating hostilities in the Middle East continued to rattle energy markets and drive fuel prices higher. Brent crude initially surged to a more than…
European and African oil markets are in turmoil. Physical crude prices are smashing records even after a U.S.-Iran ceasefire sent futures tumbling below $100 a barrel. North Sea Forties crude surged to an all-time high of $146.43 a barrel on Thursday, as Asian and European refiners scramble for supply outside the Middle East. Traders warn…
FEMI OWOEYE Global oil markets erupted into fresh chaos Tuesday as war-driven supply disruptions tightened their grip, and Iran flatly rejected claims by Donald Trump that peace talks were underway. Crude prices surged sharply, with Brent blasting past $104 and U.S. West Texas Intermediate climbing above $92, as traders reacted to a deepening crisis in…
OPEYEMI OLOTU Skyrocketing petrol prices are shaking up South Africa’s auto market, triggering a dramatic shift toward hybrid vehicles and handing Chinese automakers a golden opportunity. A fresh March 2026 Fuel & Energy Sentiment Study by Yazi reveals a nation under pressure, with fuel costs biting hard and consumers scrambling for smarter alternatives. At a…
