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Trump cancels Iran peace talks in Pakistan

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News

Trump cancels Iran peace talks in Pakistan

United States President Donald Trump announced he had cancelled his envoys’ planned trip to Pakistan for peace talks with Iran on Saturday, but said that did not mean an immediate resumption of the US-Israeli war against the Islamic republic. Shortly before the announcement, Iranian Foreign Minister Abbas Araghchi wrapped up his own diplomatic visit to […]

Oil and Gas

Tankers turn back as Hormuz crisis deepens shipping chaos

Traffic once again seized up in the Strait of Hormuz as both Tehran and Washington imposed separate blockades, with Iranian vessels continuing to test the United States shutdown, tracking data showed Monday. Iran announced on Friday that it would reopen the strategic waterway, but the United States did not reciprocate for vessels going to and […]

Finance

Dollar hits one-week high as US-Iran tensions spike FX fears

The United States dollar climbed to a one-week high against major currencies on Monday as renewed tensions between the United States and Iran dampened hopes for a Middle East peace deal. Reuters reported that this follows developments over the weekend in which the United States seized an Iranian cargo ship, escalating geopolitical uncertainty. The situation […]

World

IMF pledges $50bn aid to Nigeria, others amid US-Iran war

The International Monetary Fund has indicated plans to provide up to $50 billion in financial support to Nigeria and other countries affected by the biting impact of the ongoing Middle East crisis. Managing Director of the IMF, Kristalina Georgieva, disclosed this at the unveiling of the Fund’s Global Policy Agenda during the ongoing Spring Meetings […]

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US-Israel-Iran war worsening economic woes of Nigeria, others — G24

The G-24 has expressed deep concern over multiple political crises and conflicts across the world, warning that the escalating war in the Middle East is worsening global economic fragility and undermining growth prospects, particularly for emerging markets and developing countries. Nigeria and many other nations in Africa and across the world are categorised as developing […]

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Iran estimates $270bn cost of US-Israel war damages

The Iranian government on Tuesday estimated the cost of the war launched by the United States and Israel since February at $270 billion. AFP reported that Iranian government spokeswoman Fatemeh Mohajerani told the Russian state news agency RIA Novosti that the figure was a preliminary estimate. According to Mohajerani, the first step in arriving at […]

featured Oil and Gas

Iran opens Hormuz Strait after two-week ceasefire deal with US

Iranian Foreign Minister Abbas Araghchi has announced that safe passage through the Strait of Hormuz would be possible for two weeks, coordinated with Iran’s armed forces “and with due consideration of technical limitations.” The development follows U.S. President Donald Trump’s condition that the waterway be reopened as part of a ceasefire, coupled with his warning […]

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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, […]

Business

Iran vows strikes on AI, data centres amid rising tensions with US

Iran has threatened additional attacks on data centers across the Middle East in response to continued U.S. threats and air strikes. According to a video widely circulated on Sunday, Iranian military spokesperson Ebrahim Zolfaghari warned that if the U.S. targets Iran’s civilian infrastructure, Tehran would retaliate by striking American energy and technology assets in the […]

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