Oil prices fell more than 1% on Wednesday, extending weekly losses and trading near four-month lows, as signs emerged that stranded tankers in the Gulf are set to move through the Strait of Hormuz. Prices also came under pressure from Washington's 60-day sanctions waiver allowing Iran to sell oil and easing hostilities in Lebanon.
14 hours ago · Joy Online →
Oil prices fell more than 1% on Wednesday, extending weekly losses and trading near four-month lows, as signs emerged that stranded tankers in the Gulf are set to move through the Strait of Hormuz. Prices also came under pressure from Washington's 60-day sanctions waiver allowing Iran to sell oil and easing hostilities in Lebanon.
14 hours ago · Joy Online →
Oil prices declined on Tuesday, with Brent crude falling 0.3% to $77.70 a barrel and U.S. West Texas Intermediate dropping 0.2% to $73.74 a barrel, as investors tracked crude flows through the Strait of Hormuz following U.S.-Iran peace talks and a U.S. sanctions waiver on Iran.
23 June 2026 · Joy Online →
Oil prices declined on Monday following the conclusion of US-Iran talks in Switzerland, where Tehran said it had secured waivers for oil and petrochemical exports. Brent crude fell 1.90% to $79.04 a barrel, while West Texas Intermediate crude futures dropped to $76.53 a barrel.
22 June 2026 · Joy Online →
Brent crude fell $1.83 (2%) to $88.55 a barrel and U.S. West Texas Intermediate dropped $1.60 (1.8%) to $86.11 after U.S. President Donald Trump called off planned strikes on Iran on Thursday, citing progress in discussions that could lead to a peace deal reopening the Strait of Hormuz to shipping as soon as this weekend.
12 June 2026 · Joy Online →
Oil prices jumped as Tehran declared the Strait of Hormuz closed following fresh U.S. strikes against Iran, with President Trump threatening further attacks. Brent futures rose 1.59% to $94.58 a barrel and U.S. crude climbed 1.90% to $91.74.
11 June 2026 · Joy Online →
Oil prices climbed Wednesday after the U.S. military struck Iranian targets in response to the downing of a U.S. Apache attack helicopter, and as U.S. crude stockpiles posted another large draw. Brent futures rose 0.7% to $92.11 a barrel and U.S. West Texas Intermediate crude climbed 0.7% to $88.80.
10 June 2026 · Joy Online →
The government plans to raise about US$1 billion through cedi-denominated domestic bonds to finance cocoa purchases ahead of the 2026/2027 cocoa season, marking a shift away from offshore syndicated loans. The strategy aims to reduce dependence on foreign lenders and dollar borrowing, though success will depend on local investor appetite despite COCOBOD's GH¢32 billion debt burden and past payment delays.
20 May 2026 · Business & Financial Times →
Africa's fragmented cross-border payment systems are slow and costly compared to global averages, spurring interest in stablecoins as settlement infrastructure. The strategic question is whether African banks will institutionalize stablecoins within regulated frameworks or whether the infrastructure will continue to develop outside formal banking channels.
4 May 2026 · Joy Online →
The Cocoa Marketing Company (Ghana) Limited argues that the World Bank's April 2026 forecast of a 50% cocoa price drop is misleading because prices have already fallen 73% from December 2024 highs to around US$3,000–$3,400 per tonne; the Bank's projected US$3,800 average is actually above current spot prices, indicating stabilization rather than further collapse.
30 April 2026 · Business & Financial Times →
Brent oil prices rose as much as 7% on Thursday following reports that the U.S. is considering potential military action against Iran to break a deadlock in nuclear negotiations, raising concerns about further disruptions to Middle East energy exports. The June Brent contract rose $6.81 to $124.84 a barrel, with both Brent and WTI benchmarks on track for their fourth consecutive month of gains.
30 April 2026 · Joy Online →