Iran War: Why oil prices are soaring despite record reserve release

Major economies have agreed to release a record amount of strategic oil reserves, but the move did little to calm investors Thursday, with prices at one point surging above $100 a barrel. Fresh Iranian strikes on energy infrastructure and fears of a prolonged conflict have overshadowed the historic drawdown. AFP explains why the release has […]
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NAF destroys gun trucks, neutralizes terrorists in Sambisa

The Nigerian Air Force (NAF) on Wednesday, March 11, 2026, carried out precision air strikes in the Sambisa general area, destroying four gun trucks and associated logistics assets, while neutralizing scores of terrorists, the service announced on Thursday.

Oil shock ‘largest supply disruption’ in history – IEA

The Mideast war “is creating the largest supply disruption in the history of the global oil market”, as Iran’s chokehold on regional supplies forces Gulf oil producers to slash production, the International Energy Agency said Thursday.

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