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EU rejects Trump request on Strait of Hormuz

European Union leaders have rejected a request from United States President Donald Trump for military help to secure the Strait of Hormuz, as EU foreign ministers met in Brussels to discuss soaring oil prices caused by the US Israeli war on Iran . Trump had urged the United Kingdom, China, France, Japan, South Korea and other NATO allies to send naval ships to protect shipping in the Strait of Hormuz, warning it would be very bad for NATO’s future if partners did not help secure the vital waterway . US officials spent the weekend trying to build support for a new coalition to patrol the strait and said they hoped to announce it in the coming days, although it remains unclear which countries will join or when any operation would start . Many close US allies are reluctant to send […]

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UK, allies working on Hormuz plan but rule out NATO mission, says Starmer

British Prime Minister Keir Starmer says the UK is working with allies on a “viable” plan to reopen the Strait of Hormuz but has ruled out any NATO led mission.​He said the goal is to restore freedom of navigation in the vital oil route without dragging Britain into a wider Middle East war.​ Speaking at a Downing Street press conference, Starmer revealed he had discussed the crisis with US President Donald Trump and several European leaders.​He explained that the UK is coordinating with European partners, Gulf countries and the United States on a collective response.​ Starmer stressed that any operation to secure shipping lanes will not be under the NATO umbrella and has “never been envisioned” as a NATO mission.Instead, he said it would likely involve a broader coalition that includes regional partners most directly affected by Iran’s actions. Pressed […]

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Oil climbs above $100 as Iran war batters Asian stocks

Oil prices have risen further above $100 a barrel as the Iran war moves into its third week, putting fresh pressure on global markets.Both Brent crude and US benchmark WTI extended recent gains, driven by fears of prolonged supply disruptions from the Middle East. Brent climbed by about three percent in early Asian trading, briefly touching around $106.50 before easing back toward $105.WTI hovered just under the $100 mark after also surging sharply since the conflict began. Since the start of the war, Brent has jumped by more than 40 percent, while US crude is up almost 50 percent.Analysts warn that rising energy costs risk fuelling inflation again and could slow global economic growth. Most Asian stock markets fell as investors reacted to the threat of an energy shock and reduced expectations of interest rate cuts.Indexes in Tokyo, Shanghai, Seoul, […]

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Iran war: Falana urges Nigeria to work with other countries to pressure Trump

Human rights lawyer Femi Falana has called on Nigeria to collaborate with other countries to mount diplomatic pressure on United States President Donald Trump over the ongoing war involving Iran, Israel and the US. Falana said Nigeria should revive its tradition of multilateral diplomacy, like in the days of the Non Aligned Movement, by working with other nations to ensure respect for international law and to push for restraint on all sides. He criticised Trump for what he described as contempt for international law and United Nations resolutions, noting that the US under his watch has withdrawn from dozens of UN decisions. Speaking on Channels Television’s Politics Today, the Senior Advocate of Nigeria argued that Nigeria and other countries must persuade global powers such as China and Russia to intervene diplomatically in the crisis, since they wield significant influence over […]

FG weighs options as Iran war pushes petrol above N1,000

The Federal Government is assessing its economic and diplomatic options as the war involving Iran, the United States and Israel begins to hit Nigerians through higher fuel prices and fresh pressure on the economy. Officials are closely tracking developments in the Middle East, where attacks on oil facilities, shipping disruptions and tensions around strategic waterways have driven up global crude prices. The conflict has already pushed Brent crude well above Nigeria’s 2026 budget benchmark, raising both risks and opportunities for Africa’s largest oil producer. On the domestic front, petrol prices have crossed or neared N1,000 per litre in many locations, with queues reappearing at filling stations across parts of the country. Marketers and analysts link the spike to higher international crude and freight costs, as well as supply constraints and the impact of the conflict on global refinery output and […]

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