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US Eyes Redirecting Iranian Assets to Gulf Allies for Reconstruction

The U.S. government will attempt to redirect Iranian assets to Gulf states for rebuilding and repairs of damage caused by Iran, including future destruction expected to be inflicted by Tehran, a source familiar with the matter said on Saturday. The move comes a day after a wave of attacks by Iran against Kuwait and Bahrain. U.S. Treasury Secretary Scott Bessent has also directed a team to assess costs for damage already inflicted on Gulf allies by Iran. The United States will consider using Iranian assets for those repairs as well, according to the source. The source did not specify what kind of assets the Treasury was examining. The language used to describe the new measures did not appear limited to frozen assets, suggesting that the U.S. could examine a broader range of Iranian financial holdings. The Trump administration is seeking […]

Abdulmumini Auwal SA June 7, 2026

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international

Oil Prices Bounce Higher After New US Strikes on Iran

Oil prices jumped higher after the United States launched fresh self-defense strikes on Iranian targets, shattering earlier hopes for an imminent peace deal and raising fears of further disruption to global energy supplies. Brent crude, the international benchmark, reclaimed nearly all of Monday’s losses, climbing by $1.40 or 1.5 per cent to settle at $97.56 per barrel shortly after the US military action began. US crude (WTI) also rose, recovering part of the sharp selloff that had seen prices drop nearly 7 per cent earlier in the session. The US strikes targeted missile launch sites and a drone control facility near Bandar Abbas in southern Iran, as well as vessels attempting to lay mines close to the Strait of Hormuz. The renewed escalation reignited concerns about the security of the vital waterway, which Iran has effectively blocked since March and […]

Abdulmumini Auwal SA May 28, 2026

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international

US Hits Iran With New Strikes Despite Talks to End War

US forces launched new strikes on missile sites in southern Iran and boats attempting to lay mines on Monday, imperiling a fragile ceasefire and casting fresh doubt on ongoing negotiations to end the Middle East war. The US Central Command said the self-defense operations in southern Iran were conducted on Monday to protect American troops from threats posed by Iranian forces. Captain Tim Hawkins, the spokesperson for US Central Command, stated the strikes targeted missile launch facilities and vessels trying to emplace mines, though additional attack details were not immediately disclosed. The strikes came as senior Iranian negotiators convened in Doha to discuss the cessation of hostilities with the United States, despite both parties downplaying the likelihood of a swift agreement. The ongoing conflict ignited by a US-Israeli offensive that began February 28 continues, moderated by a ceasefire that started […]

Abdulmumini Auwal SA May 26, 2026

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international

Rubio Tells NATO Ministers Trump Very Disappointed Over Iran War Stance

US Secretary of State Marco Rubio has told NATO ministers that President Donald Trump is very disappointed with alliance members that have not allowed the United States to use military bases on their soil for operations in the Iran war. In a pointed remark to reporters in Miami before departing for a NATO foreign ministers' gathering in Helsingborg Sweden Rubio singled out Spain for refusing US access to its bases. He questioned why nations like Spain remain in NATO if they deny the United States use of their military facilities. Rubio said You have nations like Spain refusing us access to these bases so why are you part of NATO That's a very legitimate inquiry. He added that to be fair other NATO members have been quite supportive but this is a matter that needs addressing. This marks Rubio's first […]

Abdulmumini Auwal SA May 22, 2026

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international

India Faces Pressure From Iran War

As the conflict involving Iran enters its third month with no clear resolution in sight, Indian Prime Minister Narendra Modi has urged citizens to reduce spending and conserve resources amid growing economic pressure linked to rising global energy costs. Speaking during a public event in Hyderabad, Modi encouraged Indians to work from home when possible, limit unnecessary foreign travel, reduce fuel consumption and avoid excessive purchases of gold. The appeal has drawn comparisons to the Covid-19 period, when the government relied on nationwide public participation to manage economic and social challenges. This time, the government’s focus is on protecting India’s foreign exchange reserves and limiting pressure on the national economy as the war in the Middle East disrupts global energy markets. India remains heavily dependent on imported energy, purchasing nearly 90% of its crude oil and about half of its […]

Abubakar May 15, 2026

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international

Trump heads to China, says no need for Xi’s help on Iran war

US President Donald Trump has travelled to China for a crucial summit with President Xi Jinping, declaring that he does not expect to need Beijing’s help to end the ongoing war with Iran. Speaking to reporters before departing Washington, Trump downplayed China’s potential role in resolving the conflict, which has severely disrupted shipping through the Strait of Hormuz. “I don’t think we need any help with Iran. We’ll win it one way or the other, peacefully or otherwise,” he said, in comments that underscored his determination to project confidence despite mounting costs and diplomatic pressure. The war has seen both the US and Iran impede maritime traffic in a waterway that normally carries around one-fifth of the world’s oil supply. Trump’s remarks contrast with expectations from some analysts and allies, who had hoped China might use its economic ties with […]

Abdulmumini Auwal SA May 13, 2026

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international

Stung by Iran war, Trump heads to China in need of wins

US President Donald Trump is heading to China this week seeking much-needed diplomatic and economic wins after an unpopular war with Iran has weakened his standing at home and abroad. Analysts say Trump’s once bold ambition to force Beijing into sweeping concessions through tariffs and pressure has been blunted by court rulings and the political fallout from the conflict in the Middle East. Trump is due to meet Chinese President Xi Jinping in Beijing on May 14 and 15, their first face-to-face talks since the two leaders agreed to pause a bruising trade war last October. Expectations for the summit are modest, with US officials now focusing on securing limited deals on agricultural exports like soybeans, beef and a potential package involving Boeing aircraft. Beyond trade, the Iran war is expected to dominate the agenda as Washington quietly seeks China’s […]

Abdulmumini Auwal SA May 12, 2026

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international

Trump to meet security chiefs over Iran war strategy

United States President Donald Trump is set to hold a high level meeting with his top national security team to review the war with Iran and discuss the next steps.​US media report that the talks, scheduled for Monday in Washington, will focus on both military plans and the possibility of reviving stalled negotiations. The meeting comes as hopes for a diplomatic breakthrough have dimmed following the collapse of the latest round of talks in Pakistan.Tensions remain high, with both the US and Iran publicly insisting they are ready for further confrontation if diplomacy fails. Trump has previously signalled that he wants a way out of the costly conflict but has refused to lift the naval blockade that Iran says must end before any final agreement.​He has also warned that if no deal is reached quickly, the US could resort to […]

Abdulmumini Auwal SA April 27, 2026

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international

Trump cancels Pakistan talks triip says Iran war on hold

International efforts to broker peace between the United States and Iran hung in the balance on Sunday after President Donald Trump cancelled his envoys’ planned trip to Pakistan for talks.​ Trump said there was no point “sitting around talking about nothing,” dismissing Tehran’s opening position, but revealed that Iran quickly sent back a revised proposal after hearing the visit had been scrapped. “They gave us a paper that should have been better and, interestingly, immediately when I canceled it, within 10 minutes, we got a new paper that was much better,” he told reporters, without giving details.​ The White House had earlier announced that Trump’s son in law Jared Kushner and special envoy Steve Witkoff would travel to Islamabad on Saturday for indirect talks with Iran aimed at moving “toward a deal.” Trump later told Fox News he called off […]

Abdulmumini Auwal SA April 26, 2026

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international

Trump calls Iran war a little diversion despite public anger

US President Donald Trump has described the ongoing war with Iran as a little diversion during his second term, even as opinion polls show that many Americans oppose the conflict.​ Speaking at an event in Las Vegas, Nevada, where he promoted his no tax on tips measure from last year’s major tax reform bill, the 79 year old leader praised his current economic record. He told supporters that the United States had the best economy in its history during his first term and that things are even better now.​ Trump referred to the war in Iran as a diversion to the lovely country of Iran and insisted that military action was necessary to prevent really bad things from happening. He was apparently referring to concerns about Iran’s nuclear ambitions.​ An Ipsos poll conducted last weekend found that 51 percent of […]

Abdulmumini Auwal SA April 17, 2026

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