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Oil prices fall after US-Iran ceasefire deal

Global financial markets reacted positively after the United States and Iran agreed to a conditional two-week ceasefire, which includes reopening the strategic Strait of Hormuz. The development led to a sharp drop in oil prices and strong gains in stock markets worldwide. Brent crude fell by around 13% to $94.80 per barrel, while US crude dropped more than 15% to $95.75. Despite this decline, prices remain above pre-conflict levels, when oil traded near $70 per barrel in late February. Energy markets had been under pressure due to disruptions in Middle Eastern supply, particularly after Iran threatened to target vessels passing through the Strait of Hormuz in response to US and Israeli strikes. Stock markets mirrored the improved sentiment. European indices opened higher, with London’s FTSE 100 rising by 2.53%, France’s CAC 40 gaining 4%, and Germany’s DAX climbing nearly 5%. […]

Abubakar April 8, 2026

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international

US-Iran ceasefire eases tensions amid talks

Tensions between the United States and Iran eased temporarily after a last-minute diplomatic move by President Donald Trump, who announced a potential breakthrough toward a peace agreement. In a message posted at 18:32 Washington time on his social media platform, Trump indicated that both countries were “very far along” in negotiations and agreed to a two-week ceasefire to allow talks to continue. The announcement came shortly before a deadline he had set for possible large-scale US strikes on Iranian energy and transport infrastructure. The ceasefire remains conditional on Iran halting hostilities and ensuring full access to the Strait of Hormuz for commercial shipping. Iranian authorities have signaled their willingness to comply, while maintaining that they retain control over the strategic waterway. This development offered Trump a way to step back from a difficult decision between military escalation and a potential […]

Abubakar April 8, 2026

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international

Pope Leo hails Iran ceasefire as a sign of ‘real hope’

Pope Leo XIV has praised the newly announced two‑week ceasefire in the Iran war, calling it a sign of “real hope” after days of intense escalation. Speaking at his weekly general audience in St Peter’s Square, the pontiff said he welcomed “with satisfaction” news of the immediate truce between the United States, Iran and their allies. “In light of these past hours of great tension for the Middle East and for the whole world, I welcome with satisfaction, and as a sign of real hope, the announcement of an immediate two‑week truce,” he said. Leo stressed that “only by returning to negotiations can an end to the war be achieved”, urging leaders to seize the window to pursue a lasting political settlement. The Pope’s comments came just hours after he sharply criticised President Donald Trump’s threat to wipe out Iran’s […]

Abdulmumini Auwal SA April 8, 2026

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international

North Korea fires two rounds of ballistic missiles – Seoul military

North Korea has fired two rounds of ballistic missiles toward the sea off its east coast, according to South Korea’s Joint Chiefs of Staff. The launches, carried out from the eastern coastal region around Wonsan, mark Pyongyang’s second straight day of missile tests. Seoul’s military said it detected “multiple ballistic missiles” on Wednesday morning but was still analysing their exact type, range and altitude. The projectiles flew toward the East Sea, also known as the Sea of Japan, before falling into waters outside Japan’s exclusive economic zone, Japanese officials said in a separate statement. The tests come a day after the North fired another suspected ballistic missile and hours after it ridiculed South Korea’s calls for dialogue, reaffirming that it sees the South as its “most hostile enemy state”. Analysts say the back‑to‑back launches are likely a protest against recent […]

Abdulmumini Auwal SA April 8, 2026

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international

Strait of Hormuz reopens as US, Iran agree two‑week ceasefire

Iran has confirmed a conditional two‑week ceasefire with the United States that includes reopening the Strait of Hormuz to commercial traffic under tight military control. Foreign Minister Abbas Araghchi said ships will be allowed “safe passage” through the vital waterway for 14 days, provided all attacks against Iran are halted. The arrangement follows President Donald Trump’s announcement that he would suspend bombing Iran for two weeks if Tehran completely reopened the strait for global oil and gas flows. Both sides are presenting the 11th‑hour truce as a victory, with Washington citing pressure on Iran and Tehran claiming it forced the US to pause strikes and recognise its control over Hormuz. Markets have reacted positively, with global oil prices sliding by around 15 percent and stock indices rallying on hopes that exports from the Gulf can resume, even if partially. Analysts, […]

Abdulmumini Auwal SA April 8, 2026

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international

U.S., Iran agree two‑week ceasefire as Hormuz passage set to resume

The United States and Iran have agreed to a conditional two‑week ceasefire that will see a partial reopening of the Strait of Hormuz for commercial shipping and oil tankers. The deal, announced late Tuesday just before President Donald Trump’s deadline for possible massive strikes on Iran, was brokered with help from Pakistan and other regional intermediaries. Under the arrangement, the U.S. and Israel will halt air and missile strikes on Iranian territory for 14 days, while Tehran commits to allowing “safe passage” through the strategic waterway in coordination with its armed forces. Iran’s Foreign Minister Abbas Araghchi said in a statement that, for the duration of the ceasefire, ships can transit the strait subject to “technical limitations” and prior coordination with Iranian military authorities. Trump hailed the agreement on social media as a “double‑sided ceasefire,” claiming Washington had already met […]

Abdulmumini Auwal SA April 8, 2026

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international

A civilisation might die tonight’ – Trump issues apocalyptic warning to Iran

U.S. President Donald Trump has warned that “a whole civilisation will die tonight” in Iran if the country fails to accept his terms to end the ongoing conflict and reopen the Strait of Hormuz. Posting on his Truth Social platform on Tuesday, Trump said he did not want that outcome “but it probably will” if Tehran refuses to make a deal by his deadline. The extraordinary warning comes as the United States and Israel intensify strikes on Iranian military targets and infrastructure following weeks of clashes across the region. Trump has repeatedly tied his ultimatum to Iran’s de‑facto closure of the vital shipping lane, insisting that the strait must be fully reopened to global oil traffic. In recent days, the president has threatened to “take out” key Iranian infrastructure, including bridges and power plants, if no agreement is reached. He […]

Abdulmumini Auwal SA April 7, 2026

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international

US backs Orbán as Hungary faces tight election

With just days to go before Hungary’s elections, the campaign has taken on an international dimension as JD Vance publicly backed Prime Minister Viktor Orbán during a visit to Budapest. Standing alongside Orbán, Vance said he was in the Hungarian capital to support him ahead of the vote, while adding that the United States would ultimately work with whichever candidate emerges victorious. His intervention comes at a critical moment, with opposition leader Péter Magyar leading in most opinion polls. US backing and EU criticism During his visit, Vance delivered strong criticism of the European Union, accusing it of interfering in Hungary’s electoral process. He described actions from Brussels as “disgraceful,” echoing earlier remarks he made in Europe about free speech and governance. Orbán, a long-time ally of Donald Trump, has positioned himself in opposition to EU policies, particularly regarding support […]

Abubakar April 7, 2026

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international

Artemis II astronauts capture Moon fly-by images

NASA has released the first images captured by astronauts aboard the Artemis II mission during their fly-by of the Moon, offering rare and striking views of Earth and space. One of the standout images shows an “Earthset,” with our planet appearing to dip behind the Moon’s rugged, crater-filled surface. The scene echoes the iconic Earthrise photograph taken during Apollo 8 by astronaut Bill Anders, a picture widely regarded as one of the most influential environmental images ever captured. Another photograph reveals a dramatic solar eclipse observed from space, as the Moon completely blocked the Sun. From the crew’s vantage point aboard the Orion spacecraft, the eclipse lasted far longer than what is typically visible from Earth—nearly 54 minutes of totality. Astronaut Victor Glover described the experience as “unreal” and “sci-fi,” highlighting the glowing solar corona forming a bright halo around […]

Abubakar April 7, 2026

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international

WHO halts Gaza evacuations after deadly incident

The World Health Organization has suspended medical evacuations from Gaza Strip to Egypt via the Rafah crossing following the death of a contractor during a security incident. WHO Director-General Tedros Adhanom Ghebreyesus confirmed that the contractor, identified locally as Majdi Aslan, 54, was killed on Monday. Two other staff members present at the scene were not injured. He did not provide further operational details. According to Gaza’s Hamas-run health ministry, the contractor was driving a WHO-rented vehicle in southern Gaza when it was struck by Israeli forces. The Israel Defense Forces said its troops fired after identifying an unmarked vehicle approaching their position near a military boundary, describing it as an immediate threat. The army stated that warning shots were initially fired before additional rounds hit the vehicle. An investigation into the incident is ongoing. In response, the WHO has […]

Abubakar April 7, 2026

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