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Nigerian stock market loses ₦366bn over profit-taking

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Brent crude falls on US-Iran 60-day nuclear roadmap deal

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Trump extends Iran ceasefire amid ongoing diplomatic negotiations

United States President Donald Trump has announced an extension of the ceasefire with Iran beyond its initial two-week timeline, stating that the truce will remain in place until negotiations are concluded and a formal proposal is submitted by the Iranian government. Trump disclosed this in a post on Truth Social on Tuesday, explaining that the […]

Business

Trump unveils strict ‘all-or-nothing’ Hormuz blockade after Iran talks fail

United States President Donald Trump announced what he described as an “all-or-nothing” U.S. blockade of the Strait of Hormuz in a Sunday Morning Futures interview, saying the move is aimed at cutting off Iran’s oil revenues and insisting that no country, ally or adversary, would be allowed to bypass the restrictions. “We’re not going to […]

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Trump announces two-week ceasefire with Iran after Pakistan’s intervention

United States President Donald J. Trump has announced a proposed two-week ceasefire with Iran following diplomatic interventions. In a formal statement, Trump detailed the decision based on direct conversations with Pakistani leaders who urged him to halt planned military action. Trump stated: “Based on conversations with Prime Minister Shehbaz Sharif and Field Marshal Asim Munir, […]

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Trump yet to sign 45-day Iran ceasefire deal — White House

The White House on Monday confirmed there was a deal under consideration for a 45-day ceasefire with Iran, but that President Donald Trump had “not signed off” on the proposal and is continuing the war. AFP reported that United States media have reported that a proposal by mediators for a 45-day ceasefire in the Middle […]

Finance

Trump seeks $1.5trn 2027 defence budget amid Iran war

The White House sent a spending proposal to lawmakers Friday calling for a massive $1.5 trillion United States defense budget next year as it faces increased costs due to the war in Iran. The total year-on-year increase in Pentagon spending would be the largest since World War II, US media reported, although presidential budgets are […]

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Trump threatens to seize Iran’s oil fields amid tensions

United States President Donald Trump has said the US could move to seize Iran’s oil resources, including the key export terminal at Kharg Island, as tensions between the US, Iran and Israel continue to escalate. In an interview with the Financial Times on Sunday, Trump compared the possible move to Washington’s stance in Venezuela, where […]

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No negotiations yet amid US-Iran war, says Tehran envoy

Iran’s ambassador to Pakistan on Wednesday said there had been no talks between Washington or Tehran, after United States President Donald Trump signalled tentative progress in diplomatic efforts to end the war. “We have also heard such details through the media, but according to my information — and contrary to Trump’s claims — so far […]

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Iran denies US talks, accuses Trump of oil market manipulation

Iran has firmly denied engaging in any negotiations with the United States. This directly contradicts claims by US President Donald Trump that both nations recently held productive conversations. In a statement issued on Monday, Iran’s foreign ministry insisted that no discussions are taking place between Tehran and Washington. It dismissed Trump’s remarks as a strategic […]

Business

Oil Prices fall as Trump pauses strikes on Iran

Oil prices dropped sharply on Monday after President Donald Trump said the U.S. and Iran held productive talks, prompting him to pause planned strikes on the country’s key energy infrastructure. Brent crude fell more than 6 per cent to $105.09 per barrel after rising above $112 on Friday, while West Texas Intermediate futures declined nearly […]

News

Trump orders five-day ceasefire on Iran energy sites amid talks

United States President Donald Trump announced on Monday that he had ordered a halt to threatened military strikes on Iranian energy infrastructure following productive discussions with Tehran. The announcement came amid an ongoing conflict in the Middle East, now in its fourth week, which has involved tensions over the Strait of Hormuz and attacks on […]

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